Are there restrictive covenants that are commonly picked up during conveyancing in Exmouth?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Exmouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I opted to have a survey done on a property in Exmouth in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend not issue a loan on a flying freehold premises.

It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Exmouth. Conveyancing will be smoother if you use a solicitor in Exmouth especially if they are acquainted with such properties in Exmouth.

My brother has recommend that I instruct his conveyancing solicitors in Exmouth. Should I use them?

Much as we are happy to recommend a Exmouth conveyancing lawyer the ideal way to select a conveyancing practitioner is to get guidance from friends or family who have actually experience in using the solicitor that you are contemplating using.

What makes a Exmouth lease unacceptable for security purposes?

Leasehold conveyancing in Exmouth is not unique. Most leases are individual and drafting errors can result in certain clauses are not included. The following missing provisions could result in a defective lease:

Service charge per centages that don't add up correctly leaving a shortfall

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Lloyds TSB Bank, Coventry Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.

Exmouth Leasehold Conveyancing - Examples of Questions you should consider before Purchasing

What restrictions are there in the Exmouth Lease? Is anyone aware of any major works on the horizon that will add a premium to the service charges? Plenty Exmouth leasehold properties will incur a service charge for maintenance of the block levied by the management company. Should you acquire the apartment you will have to pay this contribution, normally in instalments during the year. This may be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a ground rent to be met annual, normally this is not a significant amount, say around £50-£100 but you need to check as occasionally it can be prohibitively expensive.

How do I find a Exmouth conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 15kilometers to meet the lawyer.

You can use the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Exmouth and you will see a number of lawyer located nearest Exmouth. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.