When will exchange of contracts occur in domestic conveyancing in Exeter and do I need to attend the conveyancers office?

Where you are near to our conveyancing solicitors in Exeter you are invited in to sign the paperwork. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. A signed contract simply enables the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Exeter)to be in the office at the appropriate time.

What is the difference between a licensed conveyancer and conveyancing solicitor in Exeter

Two types of professional can conduct conveyancing in Exeter namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that required to complete the sale or purchase of property. They are both obliged to execute Exeter conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that the requisite steps should be correctly taken.

I am the sole beneficiary of my late grandmother’s estate and I have everything in my name now, including the house in Exeter. The Exeter property was put into my name in November. I plan to dispose of the house. I do know about the CML 6 month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the property in November. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some banks would take a sensible view as this provision principally exists to capture subsales or the wholesaling and assigning of properties.

About to purchase maisonette in Exeter. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Exeter conveyancing practitioner is on the Yorkshire BS conveyancing panel.

I have been sourcing a conveyancing solicitor in Exeter for my home move. Can I see a firm’s complaints history with the profession’s regulator?

One may review documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may recorded call for training reasons.

What makes a Exeter lease unmortgageable?

Leasehold conveyancing in Exeter is not unique. All leases are unique and legal mistakes in the legal wording can result in certain clauses are not included. The following missing provisions could result in a defective lease:

Repairing obligations to or maintain elements of the premises

You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Virgin Money, and Godiva Mortgages Ltd all have very detailed requirements 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 grant the mortgage, obliging the buyer to pull out.

Exeter Conveyancing for Leasehold Flats - Sample of Queries before buying

The prefered form of lease structure is a share of the freehold. In this situation the lessees have control and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent is directed by the tenants. How many of the leaseholders are in arrears for their maintenance charge payments? It would be wise to find out if there are any onerous restrictions in the lease. For example it is very common in Exeter leases that pets are not permitted in certain buildings in Exeter. If you love the apartmentin Exeter however your cat can’t live with you then you have a very hard determination.

Living abroad I am unable to travel my Exeter conveyancing solicitors office to sign documents connected to my conveyancing in Exeter – is this a problem?

No. Exeter conveyancing lawyers can deal with home moves for clients nationwide. You are unlikely to be required to attend a Exeter conveyancers office. They can handle all communications via phone, post and email - whatever works for you.