The property market in Exeter is hotting up. What can I do to speed up the buying process?
Where you are under time constraints for your conveyancing we would recommend that your solicitor is familiar with the area as they will make use of local connections and intelligence. It is even conceivable that they would have handled previoushomes in the same neighbourhood. Therefore consider using a Exeter conveyancing firm. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that 18% of Exeter conveyancing deals are delayed or derailed after finding out that a purchaser’s solicitor was not on their banks member panel. In many cases this discovery resulted in the conveyancing being delayed by an average of three weeks. It is said that this issue affects approximately one hundred thousand home moves every year. Many Exeter conveyancing practices can not act for certain banks so do check as early as possible.
I have been referred to a conveyancing solicitor in Exeter. I I would like to check if they are on the Alliance & Leicester conveyancing panel. Can you help?
The first thing you should do is e-mail your solicitor and ask them if they are on the lender panel. Alternatively please call Alliance & Leicester who may be able to help.
My wife and I own a renovated Edwardian house in Exeter. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Exeter and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing practitioner who conducted the purchase.
I have been recommended by a few selling agents in Exeter to find a conveyancer on your site. What’s the financial advantage for Estate Agents to market your services ahead of alternative conveyancing organisations?
We refuse to offer any referral fee for directing people our way. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
18 days into a sale of a flat in Exeter. Conveyancing is fine but we are being charged a fortune by the managing agents. To date we have paid £295.50 for a leasehold management information and then a further £118 for responses to queries supplied by the purchaser's conveyancer.
Neither you or your conveyancing practitioner will have any control over the level of the fee for this information but the average fee for the information for Exeter leasehold property is £355. For Exeter conveyancing transactions it is usual for the owner to pay for these charges. The freeholder or their agents are not duty bound to address these questions although many will be content to do so - albeit often at high prices where the fees bear little relation to the work involved. Unfortunately there is no statute that mandates set fees for administrative tasks. Neither is there any set time limit by which they are duty bound to issue answers.