At what point does exchange of contracts take place for residential conveyancing in Ludlow and do I need to be at the solicitors branch?
If you are round the corner to our conveyancing solicitors in Ludlow you are welcome to attend to sign documents. That being said, the firms we work with offer countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you by post or email. The executing of the contract is not when everything is set in stone. A signed contract is just a prerequisite for the solicitor to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ludlow)to be in the office available at the end of the phone to exchange contracts.
We are due to move property in June. Does my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Ludlow. Conveyancing lawyer was chosen before I stumbled across this website.
On the day of completion you can collect the keys from your estate agent however this can only happen after the vendors lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. Subsequently you should advise the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can assist you in choosing a conveyancing in Ludlow or a solicitor with expertise in conveyancing in Ludlow.
I recently had an offer agreed on a house in Ludlow. My financial adviser recommended their conveyancers. I paid an advanced payment of £225. Soon after, the solicitor contacted me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told two weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Ludlow is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been five months since my purchase conveyancing in Ludlow concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Ludlow differ for new build properties?
Most buyers of new build property in Ludlow come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because house builders in Ludlow typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ludlow or who has acted in the same development.
Me and my wife have recently had an offer accepted on our 1st house in Ludlow, and are now looking to get solicitors lined up. I have used the different rating tools and the fee estimates are from all across the England and Wales. Is it important to have a Ludlow conveyancer local to our potential property? We are happy to do everything electronically, but I guess at some stage we will need to physically go into the conveyancer's office to sign contracts?
The solicitor does not need to be in Ludlow, but opting for local means that you have the option to go in if you need to, by way of example, if a signature is needed urgently. Furthermore, a Ludlow solicitor have established relationships with local agents and (if the vendor has chosen a local solicitor) with them, which will help keep things moving faster.