I selected a Yelverton based lawyer for our conveyancing in Yelverton yesterday. Upon checking the terms of engagement I seeI am liable for charges even if the sale doesn't happen. Would I be best advised to choose an on-line conveyancing company offering no-sale-no-fee conveyancing in Yelverton?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be higher to offset those transactions that abort. Also remember that such offerings rarely protect you from expenditure for instance Yelverton conveyancing search charges.
In what way does my ID and proof of funds have anything to do with my conveyancing in Yelverton? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Yelverton. Nowadays you can not complete any conveyancing process in the absence providing proof of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Verification of the source of funds is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must retain this information on file. Your Yelverton conveyancing solicitor will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries concerning the source of funds.
We are aiming to move house in December. Should my conveyancing solicitor update the removal company on the completion day. As an aside, can you recommend a removal company in Yelverton. Conveyancing firm was found prior to coming across this site.
On the afternoon of completion you will need to pick up the house keys from the estate agent but this should only be done once the vendors lawyers advise the agent that the monies to complete are in and the keys can be given over. After that you can inform the removal company that you are ready to move in. We are not in a position to suggest a specific removal organisation but can assist you in locating a conveyancing in Yelverton or a solicitor with expertise in conveyancing in Yelverton.
I am expecting a AIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Yelverton solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Yelverton solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I had an offer accepted on an apartment in Yelverton on 19/8/2025, valuation was booked 4 days after, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Are Nottingham entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Yelverton differ for newly converted properties?
Most buyers of new build residence in Yelverton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Yelverton 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 property lawyers 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 Yelverton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Yelverton is the location of the property. What do you suggest?
Flying freeholds in Yelverton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Yelverton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yelverton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My wife and I are buying a 2 bedroom flat in Yelverton. At the time of instructing our conveyancing practitioner, we were told they were on all major UK lender panels. Our mortgage broker emailed today to say that they don't seem to be on the Skipton approved list. Were it to be true, what should we do? Do we simply pick a different property lawyer that is on their panel or do we pay for separate representation, with Skipton appointing their own approved conveyancer.
If you are buying a property requiring a mortgage it is standard for the buyer’s lawyers to also act for the purchaser's lender. In order to act for a bank or building society a property lawyer has to be on that lender's conveyancing panel. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the property lawyer has to satisfy. Some mortgage companies now insist their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your lawyer should contact Skipton to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Skipton's conveyancing panel and you may continue to use your own Yelverton solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.