Having been told to check out your web site we were about to go ahead with a conveyancing solicitor in Buckfastleigh found using your comparison tool but have come across some other fee calculations via the web look less expensive – how come?
You can find numerous websites advertising self styled cheap conveyancing, unfortunately it’s common in such cases for extracharges result in the final fee mounting up beyond all recognition. Solicitors ought to ensure charges outlined in terms of engagement should be equitable invoiced The law firms that we put forward for conveyancing in Buckfastleigh specify all costs for the property you intend topurchase.
Our lawyer has discovered a a problem with the lease for the property we are purchasing in Buckfastleigh. The other side have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer says that he must check that the bank is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions have to be complied with.
In what way does my ID and proof of funds have anything to do with my conveyancing in Buckfastleigh? Why is this being asked of me?
Buckfastleigh conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).
Confirmation of source of monies is also required under the money laundering statutes as conveyancers are mandated to ensure that the funds you are using to purchase a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has come from a reputable source (such as an inheritance) and is not the product of illegitimate activity.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Buckfastleigh solicitor on the Nationwide panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide 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 Nationwide mortgage from the register. Nationwide, 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:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
I had an offer accepted on a house in Buckfastleigh on 6/6/2025, valuation was booked five days later, received a clean bill of health. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
After what seems like an age I have had an offer on an apartment in Buckfastleigh accepted, but there is a chain. The vendors have offered on on an apartment, but it’s not yet tied up, and have viewings of other properties booked. I have instructed a local conveyancing solicitor in Buckfastleigh. What should be my next step? When should I get the mortgage application with Skipton started?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Buckfastleigh conveyancing search fees, etc). First, you must check that your conveyancer is on the Skipton approved list. Concerning the next steps this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. During a hot market the majority of home buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Buckfastleigh.
My colleague suggested that if I am buying in Buckfastleigh I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Buckfastleigh conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Buckfastleigh around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Buckfastleigh Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Buckfastleigh Education with plans and statistics, Local Amenities and other useful data about Buckfastleigh.
Should I go with a Buckfastleigh conveyancing lawyer based in the location that I am buying? We have a good friend who can execute the legal formalities however his firm is located 200kilometers away.
The primary upside of using a local Buckfastleigh conveyancing practice is that you can drop in to execute documents, present your ID and pester them where appropriate. Having local Buckfastleigh know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were content that must outweigh using an unknown Buckfastleigh conveyancing lawyer just because they are round the corner.