Do I select a Licenced Conveyancer or Solicitor for conveyancing in Exeter?
There are many recorded licenced Conveyancers in Exeter and Solicitor partnerships in Exeter offering conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. Both can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Please help - my lawyer advises that absentee landlord insurance is required on my purchase. What is the level of cover for Exeter conveyancing?
The right level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Intending to buy a house in Exeter. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Exeter solicitor is on the Virgin Money conveyancing panel.
Various web forums that I have visited warn that are the number one cause of obstruction in Exeter conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Exeter.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Exeter?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Exeter. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Exeter benefiting from help to buy. The builders would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about the extras as it could affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a house in Exeter prior to appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks will refuse to issue a loan on this type of home.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you e-mail us we can check with 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 will be smoother if you use a solicitor in Exeter especially if they regularly deal with such properties in Exeter.
How difficult is it to swap solicitor as I have to appoint one who is on the Yorkshire Building Society conveyancing panel. I hired a local conveyancing solicitor in Exeter round the corner but the firm is not approved by Yorkshire Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Exeter on the Yorkshire Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Exeter. In utilising search facility on this site, you can scrutinise costs for conveyancing solicitors in Exeter and throughout England and Wales.