A loan offer from Santander for the remortgage of my 4 room apartment is due by the end of next week. Could you propose a low cost conveyancing practitioner in Buckfastleigh?
You have come to the wrong site to search for the cheapest conveyancing solicitors in Buckfastleigh. Our aim is to provide excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be seduced by organisations offering ninety nine pound conveyancing in Buckfastleigh. Optimistically, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you with a surprising uplift in extras and still not receive the service required.
What does my ID and proof of funds have anything to do with my conveyancing in Buckfastleigh? What am I being asked for?
To satisfy the Money Laundering Regulations any Buckfastleigh conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to check not just the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I have paid off my mortgage with Virgin Money. I assume I don't need a Buckfastleigh property lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
My offer was accepted on an apartment in Buckfastleigh on 23/6/2025, valuation was booked five days later, received a clean bill of health. Solicitor instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Are Barclays entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
After what feels like an age I have had an offer on a maisonette in Buckfastleigh accepted, but there is a chain. The sellers have offered on a flat, however it’s not yet tied up, and are looking at other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Buckfastleigh. What do I do now? At what point should I apply for the mortgage with RBS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Buckfastleigh conveyancing search fees, etc). The first thing to do is ensure that your solicitor is on the RBS conveyancing panel. As to the next stages this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. During a rising market many purchasers will apply for a home loan with RBS and pay for the valuation and only if it comes back ok would they request their solicitor to move forward with the conveyancing in Buckfastleigh.
In my capacity as executor for the will of my father I am selling a property in Neath but I am based in Buckfastleigh. My lawyer (based 260 miles awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Buckfastleigh who can witness and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are located in Buckfastleigh
I am attracted to a couple of apartments in Buckfastleigh which have in the region of forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Buckfastleigh. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the value of the lease reduces and it becomes more expensive to extend the lease. This is why it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this area.
I invested in buying a split level flat in Buckfastleigh, conveyancing was carried out in 2001. How much will my lease extension cost? Comparable flats in Buckfastleigh with a long lease are worth £192,000. The ground rent is £55 levied per year. The lease finishes on 21st October 2079
You have 54 years left to run we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
Do online conveyancing companies do everything a local Buckfastleigh solicitor does or must I employ a solicitor for the final stages for my conveyancing in Buckfastleigh?
Where you use an online conveyancer they should cover all the things your Buckfastleigh solicitor will cover.