Recently been in touch with my conveyancing lawyer in Exminster who conducted the legals two years ago requesting a conveyancing estimate based on an identical type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a mortgage from Barclays . It looks as though am now being charged twice the amount. Should I look for a cheaper internet firm of conveyancing solicitor?
The quote is fractionally on the high side. If you are prepared to invest time comparing quotes you could decrease the fees slightly by as much as £100 plus VAT. That being said, assuming were pleased with the legal work the firm offered you mightcome to rue choosing an an untested solicitor. Remember to enquire the solicitor can also act for Barclays . You can use our search tool to choose a Exminster conveyancing firm on the Barclays approved list of lawyers, which can often include conveyancing solicitors in Exminster.
It is a dozen years since I bought my home in Exminster. Conveyancing lawyers have recently been appointed on the sale but I can't find my title deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be with your mortgage company or they could still be with the solicitor who handled your purchase. Secondly in most cases the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Exminster involves registered property but in the rare situation where your property is unregistered it is more problematic but is resolvable.
Have just purchased a repossessed house at auction in Exminster. Conveyancing is necessary. What happens now?
Now that you have to all intents and purposes signed on the dotted line you must find a conveyancing practitioner as a matter of priority as you are facing a fast approaching deadline in which to complete the deal. An auction property will ordinarily have a bespoke legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the conveyancing pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You need to give this to the conveyancer instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding in place to complete on the date specified in the contract.
We expect to receive a OIP from Bank of Ireland this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Exminster solicitors on the Bank of Ireland conveyancing panel, or is it better to go independently?
You will need to appoint Exminster solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
Our offer on a property in Exminster has been accepted, the sellers do nevertheless have a tied purchase. The sellers have offered on a property, but it’s not been accepted yet, and are looking at other flats booked. I have chosen a local conveyancing solicitor in Exminster. What should be my next step? At what point should I apply for the mortgage with Barclays?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Exminster conveyancing search fees, etc). First, you should ensure that your conveyancing practitioner is on the Barclays conveyancing panel. Regarding the subsequent steps this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. In a hot market many home buyers will apply for the mortgage with Barclays and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to proceed with searches.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Exminster is the location of the property. What do you suggest?
Flying freeholds in Exminster are rare 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 thoroughly. 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 residence.
I have been advised by numerous estate agents in Exminster to get a quote from a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to promote your lawyers ahead of alternative conveyancing organisations?
We refuse to give any referral fee for sending work our way. We found it would be just too difficult to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.