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Find a Teignmouth Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Teignmouth

Due to move into my new home in Teignmouth next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the lender expect the insurance to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not limited to conveyancing in Teignmouth.

I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Teignmouth with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?

In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

Can you help - my lawyer advises that chancel insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Teignmouth?

The appropriate level of chancel indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Barnsley Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.

I am expecting a AIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Teignmouth solicitors on the RBS conveyancing panel, or is it better to go independently?

You will need to appoint Teignmouth solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.

I currently have a mortgage with TSB for my property in Teignmouth. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?

Your original mortgage agreement with TSB will provide that you need their approval before letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel firm.

I'm purchasing a new build house in Teignmouth with a loan from Aldermore. The sellers would not move on the price so I negotiated £7000 of additionals instead. The house builders rep advised me not disclose to my lawyer about the side-deal as it will put at risk my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Should I go with a Teignmouth conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can carry out the conveyancing but they are based over three hundred miles away.

The primary upside of using a high street Teignmouth conveyancing practice is that you can attend the office to sign documents, deliver your ID and pester them if necessary. Having local Teignmouth know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were impressed that must trump using an unfamiliar Teignmouth conveyancing solicitor just because they are round the corner.

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