Find a Truro Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Truro

It is a dozen years since I bought my property in Truro. Conveyancing lawyers have just been instructed on the sale but I can't find the deeds. Is this a major issue?

Don’t worry too much. Firstly there is a chance that the deeds will be with your lender or they could be archived with the lawyers who acted in your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Truro relates to registered property but in the unlikely event that your property is not registered it is more of a problem but is not insurmountable.

I am mortgaging my apartment in Truro, does my lawyer have to be on the Virgin Money Conveyancing panel?

There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

I opted to have a survey carried out on a property in Truro ahead of instructing solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks tend not issue a loan on such a premises.

It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Truro. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Truro to see if the conveyancing will be more expensive.

Do I need to be suspicious about brokers that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a High Street Truro conveyancing practice?

As is the case with lots of service providers, often recommendations from connections can be very helpful. Yet there are many people with a keen interest in a conveyancing matter; estate agents, financial adviser and lenders might all suggest lawyers to appoint. Sometimes these solicitors might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the recommendation. You are free to select your preferred lawyer. Don't forget that many mortgage providers operate an approved list of solicitors you are obliged to use for the mortgage related work in your house move.

I own a leasehold flat in Truro. Conveyancing and Barclays Direct mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Truro who previously acted has now retired. Any advice?

First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Truro conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Leasehold Conveyancing in Truro - Examples of Queries Prior to buying

    What is the the remaining lease term? The prefered form of lease arrangement is a share of the freehold. In this scenario the tenants enjoy control and even though a managing agent is frequently employed where the building is larger than a house conversion, the managing agent is directed by the tenants. The majority of Truro leasehold apartments will incur a service charge for maintenance of the block set on behalf of the management company. If you purchase the flat you will have to pay this charge, normally in instalments throughout the year. This can vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge to be met yearly, ordinarily this is not a large amount, say around £50-£100 but you need to check it because sometimes it could be surprisingly expensive.

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