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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.

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


Recently asked questions about conveyancing in Truro

I was informed recently by my estate agent that my Truro solicitor is not on the lender Conveyancing panel. How can I check?

The first thing you need to do is to contact your Truro conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Truro conveyancing practice that is on the approved list of lawyers for your lender.

A friend pointed out to me me that in buying a property in Truro there could be a number of restrictions preventing external alterations to a property. Is this right?

We are aware of anumerous of properties in Truro which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Truro should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Is it the case that all Truro solicitor firms on the Virgin Money conveyancing panel are regulated by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be regulated by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such practice would be regulated by the CLC.

After weeks of negotiation I have agreed a price on a house in Truro. My mortgage broker suggested a lawyer. I paid an on account payment of £175. Shortly after, the property lawyer contacted me embarrassingly acknowledging that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I am downsizing from our property in Truro and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Truro. We have lived in Truro for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.

It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)

Completion is due on our sale of a £375,000 flat in Truro next Thursday. The management company has quoted £360 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Truro?

Truro conveyancing on leasehold apartments usually requires the buyer’s solicitor sending enquiries for the landlord to address. Although the landlord is not legally bound to respond to such questions the majority will be willing to do so. They are entitled to invoice a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it exceeds £800. The management information fee required by the landlord must be sent together with a synopsis of rights and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that you have little option but to pay whatever is requested of you if you want to complete the sale of your home.

I am the registered owner of a garden flat in Truro, conveyancing having been completed 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Truro with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2095

With 71 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 plus costs.

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 comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.

We are in the middle of purchasing a house in Truro. Conveyancing solicitor has told us the property is "Leasehold". Should this impact the salability of the house?

Truro conveyancing does not in most situations involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's virtually freehold, so it’s unlikely to impact the value too much.

On the flip side, if it's, say, 50 years it is bound to have a significant impact on the saleability, and probably wouldn't be acceptable to the lender. The length of lease and ground rent will be set out in the lease to be supplied to your property lawyer.

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