My fiance and I are intent on purchasing a leasehold flat in Wiveliscombe. My property lawyer is not listed on the lender solicitor list. Can I still appoint my Wiveliscombe conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?

You must have a conveyancing practitioner to complete the formalities when you require a loan to buy your property. They will conduct all the essential due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. One can instruct a Wiveliscombe lawyer of your choosing. Nevertheless, if the solicitor appointed is not a member of the bank approved list additional costs will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so where your lawyer has not historically applied for membership they should take the opportunity to apply.

I have an AIP. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to appoint a high street conveyancing solicitor in Wiveliscombe?

You should check but the the probability is that give you one of their panel conveyancers should you take up the "fee-free" deal. Contact the mortgage company to explore if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Wiveliscombe.

I have been told that property searches are the number one cause of obstruction in Wiveliscombe house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Wiveliscombe.

4 months have elapsed following my purchase conveyancing in Wiveliscombe completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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.

What are your top tips when it comes to appointing a Wiveliscombe conveyancing practice to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Wiveliscombe conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Wiveliscombe conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:

What are the charges for lease extension work? If the firm is not ALEP accredited then what is the reason?

Wiveliscombe Leasehold Conveyancing - Sample of Questions you should ask before buying

Please inform me if there are any major works anticipated that will likely add a premium to the maintenance charges? What restrictions are contained in the Wiveliscombe Lease? If a Wiveliscombe lease has less than eighty years it will affect the salability of the apartment. Check with your bank that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this will be. Remember, in most cases you will need to own the property for a couple of years in order to be entitled to carry out a lease extension.