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Find a Torpoint Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Torpoint

The Torpoint conveyancing firm handling our Torpoint conveyancing has identified a difference between the assumptions in the home valuation report and what is in the title deeds. My solicitor says that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?

Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

My Conveyancer in Torpoint is not listed on the Accord Mortgages Ltd Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Accord Mortgages Ltd list of approved lawyers?

The limited options open to you here include:

  1. Complete the purchase with your existing Torpoint solicitors but Accord Mortgages Ltd will need to use a lawyer on their list of acceptable firms. This will result in additional total conveyancing fees and result in frustration.
  2. Get a new lawyer to to deal with the purchase, obviously checking they are on the Accord Mortgages Ltd panel

I own a terraced Georgian house in Torpoint. Conveyancing practitioner represented me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?

You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Torpoint and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the purchase.

I have been on the look out for a ground for flat up to £235,500 and identified one near me in Torpoint I like with open areas and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Torpoint for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a mortgage that many years will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

Do you have any top tips for leasehold conveyancing in Torpoint with the intention of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Torpoint can be bypassed if you appoint lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the purchasers’ conveyancers.
  • You may think that you are aware of the number of years left on your lease but you should verify this via your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is less than 75 years. In the circumstances it is important at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. The majority of landlords or Management Companies in Torpoint levy fees for providing management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Torpoint. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Torpoint state that internal structural changes or installing wooden flooring require a licence issued by the Landlord consenting to such works. If you fail to have the consents in place do not communicate with the landlord without contacting your lawyer in advance.

I purchased a basement flat in Torpoint, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Torpoint with over 90 years remaining are worth £222,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2093

You have 71 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.

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