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Find a Tiverton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Tiverton

My partner and I are buying a new build flat in Tiverton and my lawyer is telling me that she is duty bound to the lender to disclose incentives from the seller. The Estate Agents are hassling me to exchange and my preference is not to delay deal. is my lawyer playing by the book?

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 am the registered owner of a freehold premises in Tiverton yet pay rent, why is this and what is this?

It is rare for properties in Tiverton and has limited impact for conveyancing in Tiverton 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 establishment of new rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

How does conveyancing in Tiverton differ for new build properties?

Most buyers of new build or newly converted property in Tiverton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because builders in Tiverton usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tiverton or who has acted in the same development.

I have been on the look out for a flat up to £305k and identified one round the corner in Tiverton I like with amenity areas and railway links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Tiverton suitable, so just wondered if I would be making a grave error buying a short lease?

If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected 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 request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

I am thinking of appointing a conveyancing solicitor in Tiverton for my home move. Is it possible to see a solicitor's complaints history with the profession’s regulator?

You can read documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.

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Neighbouring Locations

Dulverton
Tiverton

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