When will exchange of contracts occur in purchase conveyancing in Benfleet and do I need to attend the solicitors office?
Where you are round the corner to our conveyancing solicitors in Benfleet you are invited in to sign contracts. However, the firms we recommend provide a national conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Benfleet)to be in the office at the appropriate time.
Should our solicitor be making enquiries concerning flooding during the conveyancing in Benfleet.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Benfleet. There are those who acquire a property in Benfleet, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, but there are a various checks that can be carried out by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Benfleet. The conventional set of completed inquiry forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to determine if the premises has ever been flooded. In the event that flooding has previously occurred which is not notified by the seller, then a buyer could issue a legal claim for losses as a result of such an misleading response. The buyer’s solicitors should also carry out an environmental search. This will disclose whether there is any known flood risk. If so, further inquiries should be conducted.
I am buying a new build flat in Benfleet. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Benfleet
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I'm remortgaging my current property to a BTL loan with Chelsea Building Society and I will use the ballance of the raised equity as a deposit on a second property. The location we are talking about is Benfleet. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our comparison tool on this site to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.