Willretaining a Exeter conveyancing practitioner make the ownership transfer smoother?
Existing third party connections is an important consideration when appointing conveyancing lawyers. Exeter conveyancers often have connections with mortgage brokers and agents, local authorities, surveyors and other law firms meaning you will move in shortest possible time. Having vast insight into the local area is also a plus .
My wife and I are only a couple days away from an exchange on a property in Exeter and my mum and dad have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your lawyer is duty bound to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are buying a house and require a conveyancing solicitor in Exeter who is on the Principality approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Exeter.
I have recentlydiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Exeter for a purchase of a leasehold flat 10 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Exeter conveyancing specialists.
I am buying my first flat in Exeter with the aid of help to buy. The developers would not reduce the price so I negotiated 6k of extras instead. The property agent suggested that I not disclose to my lawyer about the extras as it could jeopardize 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.
I have chosen a Exeter conveyancing solicitor for our house purchase (novice purchasers) and have spotted in the engagement letter that they are not overseen by the Financial Conduct Authority. Am I right to be concerned or is that the norm with conveyancing practitioner?
We can't see why they should be. Most property lawyer don't lend money. They will be governed by the SRA, who set stringent conditions in relation to funds sitting on client account.