Our Lyme Regis lawyer has spotted an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My lawyer has advised that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s approach correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Why do I have to pay up front for my conveyancing in Lyme Regis?
Where you are retaining lawyers for conveyancing in Lyme Regis your lawyer will ask you to provide them with monies to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. If any deposit is as part of the purchase price then this should be required immediately ahead of contracts are exchanged. The closing balance that is needed will be payable a couple of days ahead of the day of completion.
About to place a bid on a leasehold flat in Lyme Regis. The selling agents say that it is usual for flats in Lyme Regis to have less than 75 years unexpired on the lease. I am taking out a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/3/2026 the requirements read as follows :
Due to the guidance of my in-laws I had a survey completed on a house in Lyme Regis prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend not give a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lyme Regis. Conveyancing will be smoother if you use a solicitor in Lyme Regis especially if they are familiar with such properties in Lyme Regis.
I am looking into buying my first house which is in Lyme Regis and I am already nervous. I couldn't find anything specific about Lyme Regis. Conveyancing will be needed in due course but do you know about the Lyme Regis area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lyme Regis. In the meantime here are some basic statistics that we found
We're novice buyers - had an offer accepted, but the agent has warned us that the seller will only issue a contract if we instruct their preferred conveyancers as they want an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Lyme Regis
It is highly unlikely the vendors are behind this. Should the vendor require ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Lyme Regis conveyancing firm - not the ones that will earn their negotiator at the agency a commission or achieve conveyancing targets set by senior management.