When does exchange of contracts take place for purchase conveyancing in Easthampstead and am I required to attend the conveyancers office?
If you are in close proximity to one of the conveyancing solicitors in Easthampstead you are invited in to sign the paperwork. That being said, the firms we recommend offer countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you by post or email. The executing of the purchase agreement is not the point of no return. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Easthampstead)to be in the office at the appropriate time.
Various online forums that I have come across warn that are the primary cause of stalling in Easthampstead conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Easthampstead.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Easthampstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Easthampstead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Easthampstead with the aid of help to buy. The builders refused to budge the price so I negotiated 6k of extras instead. The house builders rep suggested that I not inform my conveyancer about the side-deal as it will impact my mortgage with the lender. Is this normal?.
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.
Am I best advised to choose a Easthampstead conveyancing practitioner who is local to the property I am buying? I have an old university friend who can conduct the legal formalities however her office is a couple of hundredmiles drive away.
The primary upside of using a high street Easthampstead conveyancing practice is that you can visit the firm to sign documents, hand in your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that should trump using an unfamiliar Easthampstead conveyancing solicitor solely due to them being local.