At what point does exchange of contracts happen for sale conveyancing in Harrold and do I need to attend the lawyers office?
If you are local to one of the conveyancing solicitors in Harrold you are invited in to sign contracts. However, the lender approved solicitors we work with provide a nationwide conveyancing service and give just as diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to address the formalities at the appropriate time, which will usually be very 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 Harrold)to be in the office available at the end of the phone to exchange contracts.
Forgive me if this question is silly but I am new to the process as FTB of a garden flat in Harrold. Do I receive the keys to the premises on completion from my solicitor? If this is the case, I will appoint a High Street conveyancing solicitor in Harrold?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you should be invited to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
Planning on purchasing a maisonette in Harrold. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Harrold conveyancer is on the Leeds Building Society conveyancing panel.
Our sealed bid on a semi in Harrold has been agreed to, but there is a chain. The owners have offered on somewhere, but it’s not yet agreed to, and are looking at other apartments booked. I have selected a high street conveyancing solicitor in Harrold. What should be my next step? At what stage should I apply for the mortgage with TSB?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx £1k, then valuation, Harrold conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the TSB approved list. As to the next phase this very much depends on the specifics of your case, attraction to this property and on the state of the market. During a hot market some purchasers would apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they request their property lawyer to press on with the conveyancing in Harrold.
I have been told that property searches are the primary cause of delay in Harrold house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Harrold.
Are there restrictive covenants that are commonly identified during conveyancing in Harrold?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Harrold. 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…’
What does commercial conveyancing in Harrold cover?
Non domestic conveyancing in Harrold incorporates a broad range of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.