At what point will exchange of contracts take place for purchase conveyancing in Duxford and do I need to attend the solicitors office?

If you are in close proximity to one of the conveyancing solicitors in Duxford you are welcome to come in to sign documents. However, the law practices we recommend supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you digitally. The signing of the sale agreement is not when everything is set in stone. Signing on the dotted line simply enables the firm to exchange contracts at the appropriate time, 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 play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Duxford)to be in the office at the appropriate time.

I have an AIP. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to instruct a specialised conveyancing solicitor in Duxford?

Do check but the the likelihood is that give you one of their panel conveyancers should you take up the "fee-free" offer. Call the mortgage company and check if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Duxford.

My aunt pointed out to me me that in purchasing a property in Duxford there may be various restrictions prohibiting external alterations to a property. Is this right?

We are aware of anumerous of properties in Duxford which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Duxford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We previously appointed conveyancing lawyers locally in Duxford on the solicitor panel. They are now charging me a further fee for the legal aspects of the mortgage. Is this a supplemental conveyancing fee specified by ?

Provided it is contained in their Terms of Engagement or estimate then yes your is entitled to charge a fee for this. The charge is not set by but by your Duxford . Some firms on the panel will charge ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.

I am due to exchange contracts on my house. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, are being a right pain. The Duxford solicitor who is on the conveyancing panel is recommending indemnity insurance as a solution but are insisting on a building regulation certificate. Why do have a conveyancing panel if they don't accept advice from them?

It is probably the case that have referred the matter to their valuer. The reason why may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

I'm purchasing a new build house in Duxford with a loan from . The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my lawyer about this deal as it may put at risk my mortgage with . Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I bought a ground floor flat in Duxford, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Duxford with an extended lease are worth £165,000. The ground rent is £45 levied per year. The lease ceases on 21st October 50

You have 50 years remaining on your lease we estimate the price of your lease extension to range between £36,100 and £41,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.