IfI was to acquire a freehold propertyin Exmouth mortgage fee and dispense with a survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Exmouth?
Any savings you would gain would be isolated to the disbursement for searches. A lawyer still be obliged to do everything else - money laundering, communicating with your sellers lawyer, SDLT return, register the ownership etc. You might save a bit for them not having to register a mortgage but it will not be significant.
When does exchange of contracts occur in sale conveyancing in Exmouth and do I need to be at the conveyancers branch?
If you are in close proximity to our conveyancing solicitors in Exmouth you are invited in to sign documents. However, the firms we recommend offer a national conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The signing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to officially exchange at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Exmouth)to be in the office at the appropriate time.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would much rather appoint a Exmouth based conveyancing firm?
Do check but the chances are that give you one of their panel lawyers where you take up the "fee-free" offer. Speak to the mortgage company and see if they make available a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Exmouth.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Exmouth is where the house is located. What do you suggest?
Flying freeholds in Exmouth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Exmouth you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Exmouth 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.
My lender have just issued us with a mortgage offer. We instructed a high street conveyancer in Exmouth two days ago. Today, our financial adviser contacted us saying that the bank said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the mortgage company had a say Is this permitted?
You are at liberty to instruct any property lawyer you prefer to select including the said conveyancer in Exmouth however if they are not on the your bank's approved list you will have to pay additional cost so the mortgage company can appoint their own conveyancer too. It may be possible your solicitor may apply to get added to the mortgage company list of approved firms. You can use online tools such as lenderpanel.com to find a conveyancing solcitor in Exmouth on the bank panel. You can go into your high street lender branch in Exmouth. They will know some good conveyancing solicitors in Exmouth on the approved list.