At what point will exchange of contracts happen for residential conveyancing in Brixham and do I need to be at the conveyancers office?
Where you are in close proximity to one of the conveyancing solicitors in Brixham you are invited in to sign the paperwork. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not the point of no return. A signed contract is just a prerequisite for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Brixham)to be in the office at the appropriate time.
I am planning to acquire a flat and require a conveyancing solicitor in Brixham who is on the Nationwide Building Society conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as Brixham. We dont recommend any particular firm.
I'm the only beneficiary of my late father’s will with all property in now in my sole name, including the house in Brixham. Conveyancing formalities meant that the Land Registry date was in March. I plan to dispose of the house. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the property in March. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this clause principally exists to capture the purchase and immediately sell or the wholesaling and assigning of property.
We previously instructed solicitors located in Brixham on the Nationwide solicitor approved list. They are now charging me a separate charge for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee specified by Nationwide?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer can charge a fee for this. This charge is not set by Nationwide but by your Brixham conveyancing practitioner. Plenty of firms on the Nationwide panel will levy ’dealing with mortgage’ fee and others do not.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Brixham solicitor on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS 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 Yorkshire BS mortgage from the register. Yorkshire BS, 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 Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
Just acquired a terraced house in Brixham , how long should it take for the Land Registry to record my proprietorship? My Brixham conveyancing solicitor has been very slow, so I want to check the land registry aspects are addressed.
There is nothing unique when it comes to conveyancing in Brixham registration formalities. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether it is in order and if the Land registry need to notify any 3rd parties. As of today roughly 80% of submission are completed in less than three weeks but some can be subject to longer hold-ups. Registration occurs once the buyer has moved in to the property so registration formalities is not always top priority but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey carried out on a house in Brixham before instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders may not issue a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brixham. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are novice buyers - agreed a price, but the selling agent told us that the vendor will only go ahead if we use their recommended solicitors as they need a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Brixham
It is improbable the sellers are driving this. If they want ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Brixham conveyancing solicitors - not the ones that will earn their estate agent a introducer fee or achieve conveyancing thresholds set by head office.