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

Can your site be used to find a Conveyancing solicitor in Tiverton even where I’m not purchasing or disposing of a house, for example if I intend to buy an office in Tiverton with a mortgage from Accord Mortgages Ltd?

Our search tool is predominantly used to get a quote from residential conveyancing solicitors in Tiverton but we have set out towards the end of this page a few Tiverton commercial conveyancing firms. You should speak with the company directly to establish if they are also authorised to represent Accord Mortgages Ltd

Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Tiverton?

There are many recorded licenced Conveyancers in Tiverton and Solicitor partnerships in Tiverton who provide Conveyancing services We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

My stepmother pointed out to me me that in purchasing a property in Tiverton there may be various restrictions preventing external changes to a property. Is this right?

There are a number of properties in Tiverton which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Tiverton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Tiverton solicitor on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?

If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where Co-operative has sent the Land Registry the discharge electronically, and
  3. Co-operative has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Co-operative mortgage has been paid off.

Due to the encouragement of my in-laws I had a survey completed on a house in Tiverton before retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some banks tend refuse to give a loan on a flying freehold property.

It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tiverton. Conveyancing will be smoother if you use a solicitor in Tiverton especially if they are familiar with such properties in Tiverton.

I am employed by a busy estate agent office in Tiverton where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Tiverton conveyancing firms. Could you confirm whether the owner of a flat can initiate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I purchased a 1st floor flat in Tiverton, conveyancing formalities finalised 8 years ago. How much will my lease extension cost? Similar properties in Tiverton with over 90 years remaining are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2101

With 80 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 as well as legals.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

Our lender agreed in principle to issue us a mortgage. We appointed a high street conveyancer in Tiverton last week. Today, our broker contacted us saying that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had some control over our choice Is this legal?

You are at liberty to instruct any conveyencer you want to select for your conveyancing in Tiverton but if your bank aren't happy with them you will have to fork out an extra fee so your lender can instruct their own solicitors as well to protect their interest. It may be possible your preferred conveyancing firm to get included on to the lender list of approved firms. Do make the most of internet search facilities such as lenderpanel.com to find a conveyancing solcitor in Tiverton on the lender panel. You can go into your local bank branch in Tiverton. They will know some good conveyancing solicitors in Tiverton on the approved list.

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