AssumingI was to buy a straightforward propertyin Exeter mortgage fee and have no survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Exeter?
The only reduction in fees you would achieve is the disbursement for searches. A property lawyer is required to do the vast majority of work - money laundering, communicating with the sellers conveyancer, stamp duty submission, register the property etc. A marginal saving might be made by not having to register a charge but it won't be a lot.
I have been referred to a conveyancing solicitor in Exeter. I I am struggling to find out whether they are accepted on the Barnsley Building Society conveyancing panel. Could you advise?
You should call the conveyancer and enquire whether they can act for the bank. Alternatively you can call Barnsley Building Society who may be able to assist.
The deeds to our property are lost. The solicitors who dealt with the conveyancing in Exeter 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your conveyancer should be aware exactly where to find all the appropriate paperwork so you can buy or dispose of your property without a hitch. Where duplicates are not available, your conveyancer can put in place insurance or indemnities protecting you against possible claims on the premises.
We're novice buyers - agreed a price, but the estate agent advised that the owners will only proceed if we instruct their chosen lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Exeter
We suspect that the seller is not behind this requirement. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Avoid the agents and go straight to the sellers and explain that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to instruct your own,trusted Exeter conveyancing lawyers - not the ones that will give their negotiator at the agency a introducer fee or hit his conveyancing thresholds demanded by HQ.
What makes a Exeter lease problematic?
Leasehold conveyancing in Exeter is not unique. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:
-
Repairing obligations to or maintain elements of the property Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Norwich and Peterborough Building Society, and Aldermore all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.
I bought a 1st floor flat in Exeter, conveyancing formalities finalised 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Exeter with over 90 years remaining are worth £260,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2099
With just 74 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Are all Exeter solicitors on every bank conveyancing panel?
You can use our search tool or you can drop into your local bank branch in Exeter. Chances are that they will know some good conveyancing solicitors in Exeter