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Find a Exminster Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Exminster conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Exminster

I am expecting a mortgage offer from Santander. I would like to instruct a Licensed Conveyancer in Exminster. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?

The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

Having sold my house in Exminster last June but our buyer keeps whats apping daily to moan that their conveyancer needs to hear from mine. What are the post completion sale legalities now that I have sold?

Following your sale your conveyancer is obliged to deliver the transfer deeds and all of the paperwork to the buyer’s lawyers. Where appropriate, your conveyancer should also confirm that the mortgage has been paid off to the buyers conveyancers. There is unlikely to be post completion formalities specific conveyancing in Exminster.

I bought my house on 5 January and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Exminster advises it would be formalised inside ten days. Are transfers in Exminster uniquely lengthy to register?

As far as conveyancing in Exminster is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. At present in the region of 80% of submission are completed within two weeks but occasionally there can be protracted hold-ups. Registration is effected after the new owner has moved in to the property therefore registration formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor should speak with the land registry and explain the circumstances.

I decided to have a survey done on a property in Exminster ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to issue a mortgage on such a premises.

It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Exminster. Conveyancing may be slightly more expensive based on your lender's requirements.

What are the frequently found deficiencies that you encounter in leases for Exminster properties?

There is nothing unique about leasehold conveyancing in Exminster. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:

    Maintenance charge proportions which don’t add up to the correct percentage

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, The Royal Bank of Scotland, and Clydesdale all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, forcing the purchaser to withdraw.

I bought a basement flat in Exminster, conveyancing was carried out 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Exminster with over 90 years remaining are worth £265,000. The ground rent is £50 levied per year. The lease expires on 21st October 2098

You have 76 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

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Find out more about how flying freehold can affect your the value of a property.