My fiance’s mother is a conveyancer. I expect that I'll be able to get preferential pricing for conveyancing, but if not, what level of figure should I be expecting for conveyancing in Exminster?
It’s sensible to seek 3 or more like-for-like conveyancing quotes. Do use our search tool on this page. Whilst fees will vary but the service one can expect are distinct between conveyancers as is true with the vast majority of professional services.
My nephew is buying a new build apartment in Exminster with a mortgage from Coventry BS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Coventry BS conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Our mortgage company has recommended a law firm on their panel based in Exminster but I would rather use a conveyancing lawyer in Exminster local to me. Can you help?
Not all Exminster conveyancing solicitors are on all lender’s conveyancing panel. Please make use of the above search tool to locate a Exminster conveyancing firm on the on the lender panel.
It has been 4 months since my purchase conveyancing in Exminster completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Exminster with a loan from Alliance & Leicester . The developers would not move on the amount so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my lawyer about the deal as it will jeopardize my mortgage with the bank. 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.
I have been on the look out for a ground for flat up to £305k and found one near me in Exminster I like with open areas and station nearby, however it only has 51 years unexpired on the lease. There is not much else in Exminster suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.