My husband and I are only a couple days away from an exchange on a house in Devon and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is duty bound to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Finally the sale completed on my house in Devon last January but the buyer keeps e-mailing every few hours to say their lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your disposal your solicitor should send the transfer documentation and all of the paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also send confirmation that the mortgage has been repaid to the purchasers solicitors. There are no post completion formalities unique to conveyancing in Devon.
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who handled the conveyancing in Devon 5 years ago have long since closed. Will I be able to sell the house?
These day there are copies made of almost everything, and your solicitor will know exactly where to find all the appropriate documentation so you may buy or dispose of your property without a hitch. If copies are not available, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on your premises.
How does conveyancing in Devon differ for new build properties?
Most buyers of new build residence in Devon come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Devon usually acquire 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 conveyancing solicitors 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 used to new build conveyancing in Devon or who has acted in the same development.
What type of property do your Devon conveyancing estimates apply to?
Our conveyancing quotes are only relevant to standard residential property in England & Wales. Where you have any different requirements for example industrial or agricultural property or commercial conveyancing in Devon you should contact us to consider your requirements .