Do conveyancers request money up-front for my conveyancing in Woodside?
Where you are retaining lawyers for conveyancing in Woodside your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this will be asked for immediately before contracts are exchanged. The final balance that is due will be payable shortly before completion.
How does conveyancing in Woodside differ for new build properties?
Most buyers of new build property in Woodside come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Woodside typically buy 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 accustomed to new build conveyancing in Woodside or who has acted in the same development.
I opted to have a survey done on a house in Woodside before appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders will refuse to give a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woodside. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Woodside to see if the conveyancing costs will increase in light of this.
My husband and I are first time buyers - agreed a price, yet the agent informed us that the seller will only proceed if we use their recommended conveyancers as they want a ‘quick sale’. We would rather use a local solicitor who is accustomed to conveyancing in Woodside
It is unlikely the owners are behind this. If they desire ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Woodside conveyancing firm - not the ones that will earn their estate agent a introducer fee or hit his conveyancing targets set by corporate headquarters.
How and when do I pay stamp duty payable for my Woodside house purchase?
Most conveyancers tend to complete a stamp duty return for you during your Woodside purchase transaction for signature. After completion your conveyancing practitioner will submit your Land Transaction application to the Inland Revenue and - as long as they have the funds - discharge any land tax due for you.