When will exchange of contracts occur in residential conveyancing in Thornaby on Tees and do I need to be at the conveyancers office?

Where you are round the corner to our conveyancing solicitors in Thornaby on Tees you are invited in to sign documents. However, the law practices we recommend supply a countrywide conveyancing service and provide as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line simply enables the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thornaby on Tees)to be in the office available at the end of the phone to exchange contracts.

Me and my partner are buying a house in Thornaby on Tees. It might be a silly question but how we can trust a lawyer? At some point we have to send funds into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Intending to buy a flat in Thornaby on Tees. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Thornaby on Tees conveyancer is on the Leeds Building Society conveyancing panel.

I was told two weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Thornaby on Tees is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.

I decided to have a survey carried out on a house in Thornaby on Tees in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not grant a loan on this type of property.

It varies from the lender to lender. Santander has different instructions for example to Halifax. If you contact us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thornaby on Tees. Conveyancing may be slightly more expensive based on your lender's requirements.

I am in need of some leasehold conveyancing in Thornaby on Tees. Before I get started I want to be sure as to the unexpired term of the lease.

If the lease is recorded at the land registry - and almost all are in Thornaby on Tees - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Thornaby on Tees - A selection of Queries Prior to buying

It would be wise to enquire if the the lease contains any unreasonable restrictions in the lease. By way of example plenty of leases prohibit pets being permitted in certain buildings in Thornaby on Tees. If you love the propertyin Thornaby on Tees but your dog is not allowed to move with you then you will be faced hard choice. Please inform me if there are any major works in the planning that will increase the service charges? The answer will be important as a) areas could result in problems for the building as the communal areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the managing agents you will need to have all the details

How up-to-date is your search tool for the lender conveyancing panel in Thornaby on Tees? Do the mortgage companies send you an updated list?

Thornaby on Tees law firm practices and firms carrying out conveyancing in Thornaby on Tees themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the bank directly.