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Find a St Austell Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in St Austell

I am not in a position to travel far from St Austell. I would like to know the reason why all St Austell conveyancers aren't included on all bank panels?

Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in lenders culling less reputable firms from their official list of approved conveyancing practitioners .

Completed the sale of my flat in St Austell last November yet the purchaser is whats apping daily to say her conveyancer needs to hear from mylawyer. What should my lawyer have done following completion?

Following your disposal your conveyancer is obliged to send the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also send confirmation that the mortgage has been redeemed to the buyers lawyers. There is unlikely to be post completion requirements just for conveyancing in St Austell.

I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in St Austell. My lender is The Mortgage Works

The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/4/2019, the requirements read as follows :

2 months have gone by since my purchase conveyancing in St Austell concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Are there common problems that you come across in leases for St Austell properties?

There is nothing unique about leasehold conveyancing in St Austell. All leases are drafted differently and drafting errors can sometimes mean that certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

    Insurance obligations A provision for the recovery of money spent for the benefit of another party.

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Virgin Money, and Britannia all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the buyer to withdraw.

Leasehold Conveyancing in St Austell - Sample of Queries Prior to buying

    In the main the cost for major works tend not to be included within service charges, although there some managing agents in St Austell require leaseholders to contribute towards a reserve fund created for the specific intention of building a fund for major works. The answer will be important as a) areas can result in problems in the building as the common areas may begin to deteriorate where maintenance are not paid for b) if the tenants have an issue with the managing agents you will wish to have full disclosure

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Cornwall
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St Austell
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Mevagissey

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