I have 7378 less than 75 years unexpired on my lease and require a lease extension for my flat in Torpoint. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/1/2026 the requirements read as follows :
About to purchase apartment in Torpoint. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Torpoint conveyancer is on the Yorkshire BS conveyancing panel.
After shopping around on the internet I have found a Torpoint conveyancing practitioner having made sure that they are on the RBS conveyancing panel. Does my lawyer arrange the survey of the property?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Torpoint postcode. As you are getting a mortgage with RBS, you could contact them to see if they have a list of approved surveyors in Torpoint.
After what feels like an age I have had an offer on an apartment in Torpoint accepted, the owners do nevertheless have a connected purchase. The owners have placed an offer on a property, but it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have chosen a local conveyancing solicitor in Torpoint. What should be my next step? At what point do I apply for the mortgage with Principality?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Torpoint conveyancing search charges, etc). The first course of action is to check that your lawyer is on the Principality conveyancing panel. Regarding the next steps this very much depends on the circumstances of your transaction, attraction to the property and on the state of the market. During a buoyant market the majority of purchasers would apply for a home loan with Principality and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with searches.
four months have gone by following my purchase conveyancing in Torpoint took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How can the Landlord & Tenant Act 1954 impact my commercial premises in Torpoint and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial lessees, granting the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Torpoint
I need to find a conveyancing solicitor for purchase conveyancing in Torpoint. I've stumble upon a site which appears to be the ideal solution If it is possible to get all formalities done via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Our lawyer in Torpoint has discovered a defect with the lease for the apartment we are buying in Torpoint. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the mortgage company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the lender approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.