When does exchange of contracts take place for residential conveyancing in Ferryside and do I need to be at the solicitors branch?
If you are local to one of the conveyancing solicitors in Ferryside you are welcome to come in to sign documents. However, the firms we recommend provide countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you digitally. The executing of the purchase agreement is not the critical part. Signing on the dotted line simply enables the conveyancer to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ferryside)to be in the office available at the end of the phone to exchange contracts.
I have 71 years remaining on my lease and need a lease extension for my flat in Ferryside. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 3/11/2025 the requirements read as follows :
My friend suggested that where I am buying in Ferryside I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Ferryside conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Ferryside around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ferryside Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Ferryside Education with maps and statistics, Local Amenities and other useful data regarding Ferryside.
I moved into my home on 16 July and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Ferryside advises it will be concluded in a couple of weeks. Are properties in Ferryside particularly slow to register?
There is nothing unique when it comes to conveyancing in Ferryside registration formalities. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. Currently approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the buyer has moved in to the property therefore an expedited registration is not usually top priority but if it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
I opted to have a survey done on a house in Ferryside ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will not give a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ferryside. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ferryside to see if the conveyancing will be more expensive.