lenderpanel

Find a Tavistock Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Tavistock

How do I search for the right solicitor who can provide a 1st class service for my conveyancing in Tavistock?

First ask connections whom they would seek assistance from.

Option 2 is to search the web for conveyancing in Tavistock. Phone a couple or more firms listed and invite them to send you their conveyancing estimate and discuss your needs with the solicitor who will oversee your legal process beforecommitting.

Third is to make use of our search tool to help you find the right lawyers taking into account your own requirements including area of the property,speed, complications and who your intended lender is. Avoid the trap of appointing low cost conveyancing in Tavistock

My partner and I are acquiring a newly constructed apartment in Tavistock and my conveyancer is informing me that she is duty bound to the bank to disclose incentives from the developer. I am on a tight deadline to exchange and I would rather not delay the conveyancing. Is my lawyer right?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

I purchased a freehold premises in Tavistock yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Tavistock and has limited impact for conveyancing in Tavistock but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

The deeds to my property are lost. The lawyers who conducted the conveyancing in Tavistock 5 years ago are no longer around. What do I do?

In today’s world there are duplicates made of almost everything, and your lawyer will know exactly where to locate all the relevant documentation so you can buy or sell your property without a hitch. Where copies can’t be located, your lawyer may be able to put in place insurance or indemnities protecting you against future claims on the property.

Do you have any top tips for leasehold conveyancing in Tavistock with the aim of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Tavistock can be bypassed if you appoint lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation needed by the purchasers’ lawyers.
  • A minority of Tavistock leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is able to meet 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 actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to reveal the dispute as historic rather than unresolved. If you are supposed to have a share in the freehold, you should ensure that you hold the original share document. Obtaining a re-issued share certificate can be a time consuming process and slows down many a Tavistock home move. Where a new share certificate is necessary, you should approach the company officers or managing agents (if relevant) for this at the earliest opportunity. If you have carried out any alterations to the residence would they have required Landlord’s consent? In particular have you laid down wooden flooring? Tavistock leases often stipulate that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord consenting to such works. If you dont have the consents to hand you should not communicate with the landlord without contacting your lawyer before hand.

I purchased a split level flat in Tavistock, conveyancing was carried out in 1999. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Tavistock with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2093

With just 69 years unexpired the likely cost is going to range between £9,500 and £11,000 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.

Last updated

Find out more about how flying freehold can affect your the value of a property.