I plan on acquiring a leasehold flat in Exminster. My Conveyancer is not on the lender solicitor list. Is it possible for me to use my Exminster conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
You must instruct a lawyer to complete the legal work required if you require a loan to purchase your home. The conveyancer will carry out all the essential investigations on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage paperwork is in place. You can instruct a Exminster property lawyer of your choice. Nevertheless, where the conveyancing practitioner selected is not on the mortgage company conveyancing panel supplemental charges will be levied as separate legal representation will be need by the bank. Lender panel applications can be submitted, so where your lawyer has not historically sought membership they can do so.
My Conveyancer in Exminster is not on the Halifax Approved Panel. Can I still continue with my prefered solicitor even though they are excluded from the Halifax panel of approved conveyancing solicitors?
The limited options available to you here include:
- Carry on with your preferred Exminster lawyers but Halifax will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and cause delays.
- Choose a new lawyer to act in the purchase, obviously checking they are on the Halifax panel
I have been told that property searches are the main reason for stalling in Exminster conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Exminster.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Exminster is the location of the property. Can you offer any guidance?
Flying freeholds in Exminster are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Exminster you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Exminster may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In my capacity as executor for the will of my aunt I am selling a property in Cardiff but reside in Exminster. My solicitor (who is 260 kilometers from mehas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing solicitor in Exminster to witness and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Exminster