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Find a Topsham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Topsham

I was informed recently by my IFA that my Topsham property lawyer is not on the bank Conveyancing panel. How can I check?

The first thing you need to do is to call your Topsham lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.

My fiance and I intend to remortgage our maisonette in Topsham with Kent Reliance. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Kent Reliance conveyancing panel as he did not need to sign this form when we remortgaged 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?

First, rest assured that your Kent Reliance conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Kent Reliance. This is solely used to protect Kent Reliance if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Kent Reliance had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

In what way does my ID and proof of funds have anything to do with my conveyancing in Topsham? Is this really necessary?

Topsham conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).

Evidence of the origin of monies is also required in compliance with the money laundering regulations as solicitors are duty bound to check that the funds you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are buying mortgage free) has originated from a reputable source (such as an inheritance) rather than the fruits of criminal activity.

We're novice buyers - had an offer accepted, but the selling agent has warned us that the vendor will only move forward if we appoint the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. We would rather use a local conveyancer with experience of conveyancing in Topsham

It is highly unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Topsham conveyancing firm - as opposed tothose that will give their estate agent a introducer fee or achieve conveyancing figures set by corporate headquarters.

I have been told by many friends that it should take six to eight weeks for Topsham conveyancing to complete.This was four weeks ago. The draft contract was only received from the vendors lawyer yesterday so now does it countdown?

You should be pragmatic about timescales. Property transactions in Topsham takes on average about ten weeks. This timeframe is not because solicitor are slow and deliberately delay matters. The amount of money involved in buying any property is so high, the purchaser's conveyancer needing to carry out a wide range of enquiries, searches and further checks to protect the purchaser and their lender (if there is to be a mortgage) from expensive, avoidable problems. These investigations involves seeking information from various third parties, for example other conveyancer, local councils, private companies, mortgage companies. Some of these are efficient. Others are not. And remember, no matter how quickly your solicitor do their job, if the people you are purchasing from or are selling to aren't ready, nothing can go ahead until they are up to speed.

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