Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Exminster?
Unless a previous acquisition of the premises took place post 12 October 2013 you may take it that solicitors handling conveyancing in Exminster to continue to recommend a chancel search and or chancel repair liability insurance.
How does conveyancing in Exminster differ for new build properties?
Most buyers of new build property in Exminster come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Exminster tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Exminster or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Exminster is where the house is located. What do you suggest?
Flying freeholds in Exminster are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Exminster you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Exminster may determine 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 premises.
Should I be concerned that brokers that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a local Exminster conveyancing practice?
As with lots of service providers, often suggestions from family and friends can be most helpful. But there are numerous people with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies might all recommend lawyers to use. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there exists a financial incentive behind the endorsement. You are at liberty to appoint your preferred conveyancer. However, bear in mind that the majority of banks have an approved list of law firms you have to use for the mortgage aspect of your transaction.
I am looking for a conveyancing practitioner in Exminster for my home move. Is there any facility to review a firm’s record with the profession’s regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after Jan 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.
Whilst your website is a good idea there are many lawyers listed near Exminster being on the bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our lender?
We do not recommend specific Exminster firms as the right Exminster conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Exminster knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..