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Ready to buy a new home in Exeter? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Exeter transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Exeter

Why do I have to pay up front for my conveyancing in Exeter?

If you are buying a property in Exeter your lawyer will request that you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the purchase price then this will be needed shortly in advance of contracts are exchanged. The closing balance that is due will be payable shortly before completion.

It has been 3 months since my purchase conveyancing in Exeter completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am buying a new build flat in Exeter. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Exeter

    Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

I need to instruct a conveyancing solicitor for remortgage conveyancing in Exeter. I've land on a web site which appears to be the ideal answer If there is a chance to get all formalities done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

There are only 72 years left on my flat in Exeter. I need to extend my lease but my freeholder is can not be found. What should I do?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the freeholder. On the whole a specialist would be useful to carry out a search and prepare an expert document which can be used as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court covering Exeter.

Exeter Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing

    Is anyone aware of any major works anticipated that will add a premium to the maintenance costs? Best to be warned if fixing the lift or some other significant cost is due in the foreseeable future that will be shared amongst the tenants and could well materially impact the level of the maintenance fees or result in a one off invoice.

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