At what point can the exchange of contracts happen for domestic conveyancing in Aldgate and am I required to be at the conveyancers branch?
If you are near to one of the conveyancing solicitors in Aldgate you are invited in to sign the paperwork. However, the firms we recommend provide a national conveyancing service and give as equally comprehensive and professional a job for you when dealing with you digitally. The signing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the firm to exchange contracts at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Aldgate)to be in the office available at the end of the phone to exchange contracts.
When researching moneysavingexpert.com for a recommended solicitor in Aldgate, many say that I must look for a CQS kitemarked solicitor. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol It covers many organisations who carry out conveyancing in Aldgate.
My partner and I are selling our home in Aldgate and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers used a factory type conveyancing outfit rather than a conveyancing solicitor in Aldgate. We have lived in Aldgate for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Aldgate differ for newly converted properties?
Most buyers of new build premises in Aldgate come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Aldgate 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 conveyancing solicitors 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 Aldgate or who has acted in the same development.
I opted to have a survey carried out on a property in Aldgate before appointing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks will not give a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aldgate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aldgate to see if the conveyancing will be more expensive.