We wanted to use a property lawyer in Exeter for our home move. Our financial adviser has since notified us that our mortgage lenders Barclays won't deal with them. Why is this not regarded as unduly restrictive?
A lender can direct that an approved conveyancer act for it. Borrowers are expected to bear the cost of this. Do use our tool to find a solicitor to carry conveyancing in Exeter on the Barclays approved list of solicitors.
Is there a list of Santander panel conveyancers in Exeter on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association sites. Very few banks make their panel listings visible online. If you are seeking to appoint a Exeter property lawyer on the Santander please use our tool.
Last month we had a mortgage agreed in principle with Aldermore. Exeter conveyancing solicitors are appointed. How long does it take for Aldermore to send the offer to the conveyancer?
Some lenders take longer than others. Have Aldermore done the valuation? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Exeter property lawyer on the Principality panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
How does conveyancing in Exeter differ for new build properties?
Most buyers of new build property in Exeter come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Exeter tend to buy 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 accustomed to new build conveyancing in Exeter or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Exeter I like with amenity areas and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Exeter for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Should I go with a Exeter conveyancing solicitor in close proximity to the house I am purchasing? I have an old university friend who can handle the legal work however her office is 300miles away.
The benefit of a high street Exeter conveyancing practice is that you can pop in to execute documents, present your ID and pester them if necessary. Having local Exeter know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were impressed that must surpass using an unknown Exeter conveyancing solicitor just because they are Exeter based.