I am purchasing a terraced house in Exton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Exton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Exton.
I'm the only beneficiary of my late grandmother’s will and I have everything in my name alone, including the my former home in Exton. The Exton property was put into my name in December. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my property ownership will be considered the same way as if I'd bought the house in December. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this provision is principally there to pick up on subsales or the wholesaling and assigning of property.
How can we tell if a Exton conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Exton getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor conducting your conveyancing.
I recently had an offer accepted on a house in Exton. My financial adviser recommended their conveyancers. I paid an on account payment of £150. Shortly after, the property lawyer called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my brother have a semi-detached Victorian property in Exton. Conveyancing lawyer represented me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Bank of Ireland to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Exton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing solicitor who conducted the purchase.
I opted to have a survey carried out on a property in Exton in advance of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks may refuse to issue a loan on such a house.
It depends who your proposed lender is. Santander has different requirements from Nationwide. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Exton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Exton to see if the conveyancing costs will increase in light of this.
Taking into account that I am about to spend 450k on 3 bedroom house in Exton I would like to have a conversation with the solicitor about mytransaction ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your conveyancing in Exton.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Exton should be the figure that you are charged.
I am buying a house mortgage free. I have provided conveyancer with 2 separate proof of photographic ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer advising that the funds are in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Exton conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.