At long last a loan offer from Santander for the refinancing of my 2 bedroom garden flat is to be issued by the end of next week. Are you able to propose a low cost conveyancing solicitor in Exeter?
You are on the wrong site if you are seeking cut-price fees for conveyancing in Exeter. Our intention is to offer affordable conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint brokers enticing you with ninety nine pound conveyancing in Exeter. At best, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst it will result in you paying a lot in additional fees and still not receive the service you were looking for.
We were just about to sign contracts for a property in Exeter. We encountered a problem. Our loan offer with Yorkshire Building Society expires on 22/1/2024 but the sellers are suggesting a completion date of 24/1/2024. Can one prolong the mortgage offer?
The best person to address this question is your lawyer who will hopefully assess whether he or she is corresponding with the mortgage company, vendor’s representatives, estate agents or possibly all three based on what has gone on in your transaction as of today.
I had intended to instruct a conveyancing solicitor in Exeter for our home move. Our broker has since advised us that our mortgage company Chelsea Building Society won't deal with them. Why is this not regarded as unduly restrictive?
Mortgage Companies on the whole imposes restrictions either the category or the volume of conveyancing practices on their approved list of lawyers. Typical examples of such criteria being that a firm must have two or more partners. As well as restricting the type of firm, some have decided to limit the number of firms they use to represent them. Be aware that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there are differing views about the level of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms, including some in or near Exeter only perform very few conveyances per annum.
About to purchase a new build apartment in Exeter. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Exeter
Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
What are the frequently found defects that you witness in leases for Exeter properties?
Leasehold conveyancing in Exeter is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
A provision to repair to or maintain elements of the building Service charge per centages that don't add up correctly leaving a shortfall
A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Coventry Building Society, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.
Exeter Leasehold Conveyancing - Sample of Queries before buying
It is important to be aware if fixing the lift or some other major work is due shortly that will be shared by the leasehold owners and could well materially increase the the maintenance costs or necessitate a one off payment. The best form of lease arrangement is a share of the freehold. In this arrangement the tenants enjoy being in charge if their destiny and although a managing agent is often employed where the building is bigger than a house conversion, the managing agent is directed by the tenants. This information is important as a) areas could result in problems for the building as the common areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure
I am seeking to purchase a repression property in Exeter and the vendor would like to complete within a month. Can a conveyancer complete in this timeframe? Would it be better to instruct a high street Exeter firm or an online firm that professes to offer speedy conveyancing?
Attend your Exeter shopping parade. Pop in to 3 firms and ask to see a conveyancing solicitor for a quote. Set out your situation and try and obtain assurances on deadlines. Choose the one that comes across as most trustworthy. Make sure to use a conveyancing practitioner on the list of property lawyers who can act for your mortgage company.