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Selecting the right solicitor is the most important decision when it comes to your Tiverton conveyancing

Tiverton Conveyancing Statistics*

  • 1 Average time from start to moving day was 73 days for conveyancing in Tiverton
  • 2 Average Stamp Duty Payable for this year to date was £7,460
  • 3 Percentage of leasehold conveyancing purchases in Tiverton is 25% where there is a share in the management company or freehold company
  • 4 Average Land Registry Fee for this year to date was £270
  • 5 93% freehold and 7% leasehold conveyancing in Tiverton for this year to date

Examples of recent conveyancing in Tiverton since January 2024*

Recently asked questions about conveyancing in Tiverton

I chose a high street lawyer for our conveyancing in Tiverton today. Upon checking the terms of engagement I seeI am liable for charges even if the sale aborts. Should I ditch them and use a web based solicitor practice offering no move no charge conveyancing in Tiverton?

It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will generally be uplifted to counteract those transactions that abort. Also remember that these promotions generally do not protect you from expenses for example Tiverton conveyancing search charges.

Can the conveyancing lawyers via your comparison service handle conveyancing in Tiverton by way of an attended exchange?

There are a few conveyancing specialists carrying out personalised exchanges. Please contact us to get a fee calculation and details as to availability.

Can you explain why leasehold purchase conveyancing in Tiverton costs more?

Tiverton leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

What will a local search tell me regarding the house my wife and I purchasing in Tiverton?

Tiverton conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search is essential in every Tiverton conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.

How does conveyancing in Tiverton differ for newly converted properties?

Most buyers of new build premises in Tiverton come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Tiverton tend to purchase the real estate, 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 conveyancers 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 Tiverton or who has acted in the same development.

Should I be suspicious that third parties that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a local Tiverton conveyancing firm?

As is the case with many service providers, often suggestions from relatives can be worth their weight in gold. Nevertheless there are lots of parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders might all recommend conveyancers to instruct. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to appoint your own conveyancer. Don't forget that the majority of lenders specify a panel list of conveyancers you have to use for the mortgage related work in your home move.

Last updated

Typically, Tiverton conveyancing for a purchase has some of the following tasks

  • Obtaining instructions from parties involved
  • Checking the title to the property
  • Undertaking Tiverton property searches with respect to the property
  • Assessing draft contract and other documentation prepared the vendor’s solicitor
  • Raising questions with the seller’s solicitor
  • Negotiating the sale agreement
  • Reviewing replies provided by the vendor to pre-contract enquiries
  • Negotiating the Transfer document
  • Advising the buyer in respect of the loan offer: (if applicable)
  • Drawing up and sending the buyer a report on title (that is; summarising to the purchaser on the contents of the contract pack, preliminary enquiries and the result of the searches)
  • Proceeding to exchange of contracts and then completion formalities
  • Completion of and submitting to HM Revenue and Customs the appropriate Land Tax forms and payment
  • Dealing with the registration formalities for the transfer of ownership and the home loan (where relevant) at the HMLR.

Domestic conveyancing in Tiverton ordinarily includes the following:

  • Solicitor instructed by the vendor once the offer has been accepted
  • Collating the documents evidencing the title to the property
  • Drawing up the contract and associated documents
  • Submitting draft papers to the property lawyer representing the purchaser
  • Finalising the wording for contracts and replying to additional enquires from the buyer’s property lawyer
  • Agreeing the transfer deed
  • Replying to requisitions submitted by the purchaser’s property lawyer
  • Proceeding to exchange of contracts and then completion formalities
  • Accepting the sale proceeds and wiring funds to the owner, the estate agent and other relevant parties (if appropriate)

Transfer of Equity conveyancing in Tiverton is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process:

  • Taking instructions from parties involved
  • Collating the documents evidencing the title to the property
  • Acting on behalf of the mortgage company (where relevant)
  • Negotiating the terms of the transaction
  • Preparing the Transfer or approving the Transfer deed
  • Negotiating amendments to the draft Transfer
  • Corresponding with parties concerning the Transfer
  • Agreeing and preparing for completion
  • Receiving and transferring funds to relevant parties
  • Preparing and submitting to HM Revenue and Customs the correct stamp duty forms and payment
  • Registering the change in ownership and the mortgage (where applicable) at the Land Registry.

Neighboring Locations

Dulverton
Tiverton

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.