We are buying a newly constructed duplex in Exeter and my solicitor is informing me that she is duty bound to the mortgage company to disclose incentives from the builder. I am nearing the developer’s deadline to exchange and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are looking to buy a house and require a conveyancing solicitor in Exeter who is on the Kent Reliance solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Exeter.
Due to the advice of my in-laws I had a survey completed on a property in Exeter ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks will refuse to issue a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Exeter. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to change firm as I have to choose a firm on the Barclays conveyancing list. I had appointed a family conveyancing solicitor in Exeter five minutes from me but she is not approved by Barclays
It would be our pleasure to help you select a conveyancing solicitor in Exeter on the Barclays panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Exeter. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Exeter.
Am I better off to choose a Exeter conveyancing solicitor in close proximity to the house I am purchasing? I have an old university friend who can conduct the legal work however his firm is located approximately 350miles away.
The primary upside of using a high street Exeter conveyancing firm is that you can drop in to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Exeter know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were content that must outweigh using an unfamiliar Exeter conveyancing solicitor just because they are based in the area.
I wish to let out my leasehold apartment in Exeter. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
A small minority of properties in Exeter do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I inherited a split level flat in Exeter, conveyancing having been completed in 2010. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Exeter with a long lease are worth £202,000. The ground rent is £60 invoiced annually. The lease runs out on 21st October 2082
With 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.