I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Buckfastleigh and Dean. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/6/2025, the requirements read as follows :
How does conveyancing in Buckfastleigh and Dean differ for new build properties?
Most buyers of new build property in Buckfastleigh and Dean approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Buckfastleigh and Dean typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Buckfastleigh and Dean or who has acted in the same development.
I am looking for a leasehold apartment up to £235,500 and found one near me in Buckfastleigh and Dean I like with open areas and railway links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Buckfastleigh and Dean in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
How difficult is it to change firm as I need to select one who is on the Santander conveyancing list. I was using a local conveyancing solicitor in Buckfastleigh and Dean five minutes from me but he is not approved by Santander
It would be our pleasure to assist you select a conveyancing solicitor in Buckfastleigh and Dean on the Santander panel. Please note that the property lawyers that we work with do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Buckfastleigh and Dean. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Buckfastleigh and Dean.
Do you have any advice for leasehold conveyancing in Buckfastleigh and Dean with the purpose of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Buckfastleigh and Dean can be bypassed if you appoint lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the buyers’ solicitors. You believe that you know the number of years left on your lease but it would be advisable verify this via your lawyers. A buyer’s lawyer will not be happy to advise their client to where the lease term is below 80 years. It is therefore important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you hold a share in a the freehold, you should ensure that you are holding the original share certificate. Arranging a new share certificate can be a lengthy process and frustrates many a Buckfastleigh and Dean conveyancing deal. Where a new share certificate is necessary, you should approach the company officers or managing agents (where relevant) for this at the earliest opportunity. If you have had any disputes with your landlord or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be nervous about purchasing a flat where there is an ongoing dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than ongoing.
Buckfastleigh and Dean Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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How much is the maintenance charge and ground rent on the property? How long is the Lease?
The conveyancing solicitors conducting our conveyancing in Buckfastleigh and Dean has sent documents to review that indicate that the property is unregistered with epitome documents. Is it not the case that all houses in Buckfastleigh and Dean should be registered?
It is rare for premises in Buckfastleigh and Dean to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Buckfastleigh and Dean conveyancing lawyers should be familiar with this type of conveyancing but if any uncertainty exists the conventional advice nowadays is for the seller’s conveyancer to address the registration formalities first and then deal with the sale conveyance - this can though naturally cause a drawn-out home move.