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Yelverton Conveyancing Statistics*

  • 1 Percentage of cases in Yelverton that are buy to let is 5%
  • 2 Average Land Registry Fee for last year was £270
  • 3 100 is the median number of years remaining on leases in Yelverton
  • 4 The most common indemnity insurance policies for Yelverton conveyancing is Obstruction of Right of Way
  • 5 93% freehold and 7% leasehold conveyancing in Yelverton for last year

Examples of recent conveyancing in Yelverton since October 2020*

Recently asked questions about conveyancing in Yelverton

Can I use your services to find a Conveyancing solicitor in Yelverton even if I’m not purchasing or disposing of a house, for instance where I want to acquire a shop in Yelverton with a mortgage from Accord Mortgages Ltd?

Our search tool is mainly there to get a quote from residential conveyancing solicitors in Yelverton but we have listed at the bottom of this page a few Yelverton commercial conveyancing firms. You should speak with the company directly to check if they are also authorised to represent Accord Mortgages Ltd

I am helping my mother sell her property in Yelverton. Does the conveyancer order an energy performance certificate or do I organise this?

After the demise of Home Packs, EPC’s was left as a compulsory part of selling a property. An energy performance certificate should be to hand prior to the property being advertised. This is not as aspect of the sale process that conveyancers ordinarily arrange. Where you are using a Yelverton conveyancing solicitor they may be able to arrange EPC’s due to their relationships with long established Yelverton energy assessors

I just bought a property at auction in Yelverton. Conveyancing is required. What is next?

Now that you have exchanged you will need to hire the services of a conveyancing solicitor as a matter of priority as you are facing a pending a drop dead date to complete the deal. All auction property should have a bespoke auction set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds in place to complete the transaction on the set completion date.

I am being told by my solicitor that flying freehold insurance is required on my purchase. What is the level of cover for Yelverton conveyancing?

The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Nationwide Building Society and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.

I require fast conveyancing in Yelverton as I am under a deadline to sign on the dotted line within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?

If.Given you are are a mortgage free purchaser you have the choice not to have searches conducted although no solicitor would recommend that you don't. With plenty of history conveyancing in Yelverton the following are instances of what can show up and therefore affect market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...

I decided to have a survey completed on a property in Yelverton in advance of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks may refuse to grant a mortgage on this type of premises.

It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yelverton. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to find a conveyancing solicitor for remortgage conveyancing in Yelverton. I have land on a site which seems to have the ideal offering If it is possible to get all this stuff done via phone that would be preferable. Should I be concerned? 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?

Are there frequently found defects that you encounter in leases for Yelverton properties?

There is nothing unique about leasehold conveyancing in Yelverton. All leases are individual and legal mistakes in the legal wording can result in certain clauses are not included. The following missing provisions could result in a defective lease:

    A provision for the recovery of money spent for the benefit of another party. Service charge per centages that don't add up correctly leaving a shortfall

You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Virgin Money, and Aldermore all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to withdraw.

I invested in buying a garden flat in Yelverton, conveyancing having been completed in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Yelverton with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2075

With just 54 years remaining on your lease we estimate the premium for your lease extension to span between £32,300 and £37,400 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.

Last updated

Commercial Conveyancing solicitors in Yelverton regulated by the SRA

The list below is a non-comprehensive list of solicitors in Yelverton specialising in commercial conveyancing in Yelverton. This could include advice on re-mortgaging commercial property
  • Goodman King Solicitors Ltd, 1 Canal Road, Tavistock, Devon, PL19 8AR
  • Chilcotts Law Ltd, 10 Plymouth Road, Tavistock, Devon, PL19 8AY

Home selling conveyancing in Yelverton almost always consists of the following:

  • Obtaining instructions from the appropriate parties
  • Collating the documents evidencing the title to the property
  • Drawing up the contract and associated papers
  • Submitting draft papers to the property lawyer representing the buyer
  • Negotiating contracts and answering supplemental queries from the purchaser’s property lawyer
  • Finalising the transfer deed
  • Replying to requisitions submitted by the buyer’s property lawyer
  • Carrying out the key stage of exchanging contracts and then completion of the sale
  • Accepting the sale proceeds and transferring funds to the vendor, the estate agent and paying off the mortgage (where relevant)

Transfer of Equity conveyancing in Yelverton is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process:

  • Obtaining instructions from parties involved
  • Collating the documents evidencing the title to the property
  • Following instructions from the mortgage company (where applicable)
  • Agreeing the terms of the transaction
  • Drafting Transfer or approving draft Transfer
  • Agreeing adjustments to the draft Transfer
  • Corresponding with parties with regards to the Transfer
  • Agreeing and preparing for completion
  • Receiving and releasing funds to the appropriate parties
  • Preparing and submitting to HMRC the appropriate SDLT forms and payment
  • Dealing with the registration formalities for the transfer of ownership and the mortgage (if appropriate) at the Land Registry.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.