I just acquired a flat at auction in Exeter. Conveyancing is necessary. What happens now?
Now that you have legally committed yourself to purchase you now have to retain a conveyancing practitioner as a matter of priority as you are faced with a tight a drop dead date to complete the deal. An auction property should have a corresponding auction set of papers. This will likely include evidence of title and search results. If you have purchased leasehold property the auction pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You need to give this to the solicitor instructed by you at the earliest opportunity. You also need to ensure that you have funds in order to complete on the on the contractual date .
Completion of my purchase has taken place for my property in Exeter. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Our offer on a semi in Exeter has been agreed to, but there is a chain. The vendors have offered on on an apartment, but it’s not been accepted yet, and are looking at other properties booked. I have chosen a nearby conveyancing solicitor in Exeter. What should be my next step? When should I get the mortgage application with RBS started?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then survey, Exeter conveyancing search fees, etc). The first course of action is to ensure that your conveyancing practitioner is on the RBS conveyancing panel. As to the subsequent phase this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. In a hot market the majority of purchasers will apply for a home loan with RBS and pay for the valuation and only if it comes back ok would they ask their property lawyer to move forward with the conveyancing in Exeter.
What will a local search tell me about the property my wife and I purchasing in Exeter?
Exeter conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search plays an important role in most Exeter conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
How does conveyancing in Exeter differ for newly converted properties?
Most buyers of new build residence in Exeter approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Exeter typically purchase 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 Exeter or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one close by in Exeter I like with open areas and station in the vicinity, the downside is that it's only got 61 years unexpired 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 lease with such few years left?
Should you need a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My husband and I are a fortnight into a residential purchase having been recommend to conveyancers by the high street agent to carry out the conveyancing in Exeter. We are not happy. Can you help me find new solicitors?
They would need to be very bad to suggest replacing them. Has the mortgage offer been issued? In the event that it has you need to make them aware of the new contact details and ensure the offer are re-issued. Your new solicitor ideally needs to be on the banks approved list to avoid escalating fees and frustration. That should be your first question of the new lawyers. The search tool can help you find a bank approved solicitor for your home move in Exeter