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Find a Salcombe Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Salcombe? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Salcombe home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Salcombe conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Salcombe

Our family solicitor has quoted £1400 for fixed fee conveyancing in Salcombe. I am hoping to downsize from a Georgian detached home for £225,000. This appears over the top. Is it in excess of what I should be paying for conveyancing in Salcombe?

The costs illustration is fractionally on the steep side. Where you are happy to spend time comparing costs you might shave off some of the expense by perhaps a hundred pounds. That being said, you mightlive to rue opting for an a cheaper lawyer. Remember to enquire that the firm can act for your bank. Do employ our search tool to find a Salcombe conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Salcombe.

My bank has suggested a law firm on their panel based in Salcombe but I would rather instruct a conveyancing lawyer in Salcombe round the corner to me. Are you able to assist?

Not all Salcombe conveyancing firms are on all banks conveyancing panel. Do make use of our search tool to find a Salcombe conveyancing conveyancer on the on the lender panel.

I have today made my last payment due on my mortgage with UBS. I assume I don't need a Salcombe conveyancer on the UBS panel to discharge the mortgage at the Land Registry. Please confirm.

If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where UBS has sent the Land Registry the discharge electronically, and
  3. UBS has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your UBS mortgage has been paid off.

I can not work out if my lender requires a lease extension. I have telephoned my Salcombe bank branch on a couple of occasions and was told it wasn't a problem and they would lend. My Salcombe conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.

As long as the property lawyer is on the lender approved list, she or he must follow the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I recently had an offer agreed on an apartment in Salcombe. My mortgage broker recommended their conveyancers. I paid an advanced payment of £225. Not long after, the property lawyer contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I have been on the look out for a ground for flat up to £195,000 and found one close by in Salcombe I like with open areas and railway links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Salcombe suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

Do you have any top tips for leasehold conveyancing in Salcombe from the point of view of saving time on the sale process?

  • A significant proportion of the delay in leasehold conveyancing in Salcombe can be avoided if you appoint lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ conveyancers.
  • In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Salcombe state that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such changes. Where you dont have the paperwork in place do not communicate with the landlord without contacting your lawyer in the first instance. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to where the remaining number of years is under 75 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. Some Salcombe leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. The majority of landlords or managing agents in Salcombe charge for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Salcombe.

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

    The answer will be useful as a) areas could result in problems for the building as the communal areas may start to deteriorate where repairs remain unpaid b) if the tenants have a dispute with the managing agents you will wish to have full disclosure Most Salcombe leasehold apartments will have a service bill for the upkeep of the block set on behalf of the landlord. If you buy the apartment you will have to meet this contribution, normally quarterly throughout the year. This could be anything from several hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a ground rent for you to pay yearly, normally this is not a significant figure, say around £25-£75 but you should to enquire it because on occasion it could be surprisingly expensive.

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Neighbouring Locations

Ivybridge
Kingsbridge
Salcombe

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