I am expecting a offer of a home loan from Nat West. My intention is to enlist the help of a Licensed Conveyancer in Salcombe. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?

The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

How does conveyancing in Salcombe differ for new build properties?

Most buyers of new build premises in Salcombe come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Salcombe typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Salcombe or who has acted in the same development.

I am selling my property. My previous lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Salcombe if that makes things easier.

Do use our search tool to help you find a solicitor for your conveyancing in Salcombe. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.

We are a fortnight into a leasehold purchase having been directed to solicitors by the estate agent to perform conveyancing in Salcombe. We are not happy. Could you help me find new conveyancers?

They would need to be very poor in order to consider changing them. Has your loan offer been sent? In the event that it has you must advise them of the replacement solicitor and ensure the loan are re-issued. The solicitor ideally needs to be on the mortgage company panel to avoid escalating costs and complications. That should be your first question of the new lawyers. Our search tool will assist you in finding a lender approved conveyancer for your conveyancing in Salcombe

What makes a Salcombe lease problematic?

There is nothing unique about leasehold conveyancing in Salcombe. Most leases are unique and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:

Maintenance charge proportions which don’t add up to the correct percentage A duty to insure the building

You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, Coventry Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.

Leasehold Conveyancing in Salcombe - Examples of Questions you should consider Prior to Purchasing

Please tell me if there are any major works in the near future that will add a premium to the maintenance costs? Is there a share of the freehold? Does this lease have in excess of 85 years unexpired?