AssumingI was to buy a freehold propertyin Lyme Regis for cash and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Lyme Regis?

The sole saving you would make on is the disbursement for searches. The still be obliged to do everything else - money laundering, liaising with the sellers , stamp duty return, register the property etc. A slight saving might be made by not having to register a mortgage but it won't be a lot.

Are the BSA planning on creating a searchable register to list firms on the conveyancing panel for example in Lyme Regis?

We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.

The deeds to our property are lost. The conveyancers who did the conveyancing in Lyme Regis years ago have long since closed. Will I be able to sell the house?

These day there are duplicates made of almost everything, and your conveyancer should be aware exactly where to find all the appropriate paperwork so you can purchase or sell your property without a hitch. Where duplicates can’t be found, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on the premises.

Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Lyme Regis is where the house is located. Is there any advice you can impart?

Flying freeholds in Lyme Regis are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lyme Regis you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lyme Regis 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 property.

My step-son is embarking on her first house purchase, the home loan was agreed last week in principle. After the seller agreed the offer on the apartment we telephoned the mortgage company to move forward with his. We were very surprised to learn that mortgage lenders do not accept all , they need to be on their approved list, is this correct?

Lenders ordinarily imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Lyme Regis on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.