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Conveyancing in Exmoor Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 26/07/17

Read all about Exmoor ;

The nearest airport to Exmoor is Cardiff Airport. and Exmoor's closest station is Barnstaple at 15 miles.

South Molton Community is a relatively close hospital.

Q.

How do we get a cheap solicitor quote to sell a residence?

A.

Confusion over this topic catches out many sellers, and can leave them paying far more in fees than they budgeted, and many conveyancers offer supposedly cheap conveyancing quotes, however additional fees can inflate your final bill. Your Exmoor conveyancing quote ought to define the disbursements to be paid.Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

How much would the cost of our searches total?

A.

With Homeward Legal, you are charged at most £249 for a standard search bundle. These searches are disbursements paid to a third party.

Q.

At what point should we find a conveyancing solicitor to act on our sale?

A.

With a firm offering a 'no move, no fee' conveyancing quote, as soon as possible, as the legal work can commence immediately. Some groups advocate postponing instruction until an offer is accepted, but opting to delay can jeopardise your sale or purchase.

Q.

What is gazumping?

A.

Gazumping describes circumstances where the 1st buyer's offer is accepted, and then rejected, by the house seller, selecting instead a greater

offer. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of gazumping. The first step in reducing the chance that gazumping will effect you is to instruct a proactive solicitor as soon as possible.

Q.

How long should I expect it to take for the conveyancing solicitor to conduct all of the legal work for the lower floor of period home we are buying?

A.

The conveyancing process can take anywhere between 3 weeks and 12 weeks, based on any number of factors such as the speed of the seller's property lawyer, or re-negotiations following a survey.

Q.

I have read about the serious flooding in Sept 2012 in South West England I am wondering whether property environmental searches aren't exacting enough?

A.

A qualified property solicitor in Exmoor will apply for specialist conveyancing searches (environmental) if the initial searches flag up a the local Exmoor flood risk

You can speak to a neighbour of the property to get more comfort if you are still worried.

Q.

Is it a good idea to avoid paying for stamp duty?

A.

SDLT must be paid for houses sold for over £125,000. Stamp duty avoidance is not advised. These schemes are expensive and unreliable.

Q.

I am going to buy with Direct Line Mortgages - what will I need to be aware of?

A.

When arranging a mortgage, a mortgage provider will need legal work to be undertaken in relation to the mortgage. Some lenders are now reducing the size of their 'solicitor panel'. For buyers, this can result in significantly greater legal costs. Homeward Legal will act for many mortgage lenders.

 
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