I am purchasing a leasehold flat in Tiverton. My property lawyer is not listed on the lender approved panel. Am I still permitted to appoint my Tiverton conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
You have numerous alternatives open to you here
- Carry on with your preferred Tiverton conveyancing practitioner but your lender will undoubtedly instruct a property lawyer on their approved list. The net result is additional fees and probable delay.
- Get a fresh solicitor to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Convince your conveyancer to seek to join the bank panel
It is a dozen years since I acquired my property in Tiverton. Conveyancing lawyers have just been appointed on the sale but I am unable to find the title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be retained by your mortgage company or they could be in the possession of the solicitor who handled the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Tiverton involves registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
I am looking for a leasehold apartment up to £195,000 and found one near me in Tiverton I like with amenity areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Tiverton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My husband and I are FTB’s - agreed a price, but the estate agent told us that the owners will only issue a contract if we use their chosen solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Tiverton
It is highly unlikely the sellers are behind this. Should the owner desire ‘a quick sale', alienating a genuine buyer is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to appoint your own,trusted Tiverton conveyancing lawyers - rather thanthose that will provide the estate agent a referral fee or achieve conveyancing figures set by corporate headquarters.
I am searching for Tiverton online conveyancing estimates. Can I be sure that all the Tiverton practices that are listed on your directory are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Tiverton conveyancing solicitor being on the mortgage company conveyancing panel is not accurate.