Our son-in-law is buying a newly built flat in Exmouth with a home loan from Coventry BS. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged 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.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Nationwide Solicitor panel ahead of completing my conveyancing in Exmouth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require this when purchasing a property in Exmouth? or Apparently there is historic law that means some owners of property living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this suitable for conveyancing in Exmouth?
Unless a prior acquisition of the property completed after 12 October 2013 you can take it that lawyers carrying out conveyancing in Exmouth to continue to advocate a chancel search and or chancel repair liability policy.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Exmouth is where the house is located. Can you shed any light on this issue?
Flying freeholds in Exmouth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Exmouth you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Exmouth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am selling my house. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Exmouth if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Exmouth. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
We're first time buyers - had an offer accepted, yet the estate agent has warned us that the seller will only go ahead if we instruct the agent's preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a family solicitor used to conveyancing in Exmouth
It is highly unlikely the sellers are driving this. Should the seller desire ‘a quick sale', alienating a serious purchaser is counter productive. Try to communicate with the vendors directly and make the point that (a)you are genuine buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to use your own,trusted Exmouth conveyancing solicitors - rather thanthose that will earn their estate agent a introducer fee or meet his conveyancing figures demanded by corporate headquarters.