When does exchange of contracts take place for domestic conveyancing in Kingstanding and do I need to attend the conveyancers branch?
Where you are in close proximity to our conveyancing solicitors in Kingstanding you are welcome to attend to sign documents. That being said, the firms we recommend provide countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you by post or email. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Kingstanding)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Kingstanding differ for new build properties?
Most buyers of new build residence in Kingstanding contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Kingstanding typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Kingstanding or who has acted in the same development.
I decided to have a survey completed on a house in Kingstanding ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kingstanding. Conveyancing will be smoother if you use a solicitor in Kingstanding especially if they are acquainted with such properties in Kingstanding.
My brother has encouraged me to appoint his conveyancing solicitors in Kingstanding. Should I use them?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to get recommendations from friends or relatives who have previously instructed the solicitor you're contemplating using.
Me and my fiance are about to exchange buying a house in Kingstanding but as a result of wreckage from the recent storms I have agreed reparation from the seller of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet my lender will not permit this. Why were they approached?
Your property lawyer listed on a mortgage company conveyancing panel is duty bound to advise the mortgage company of any changes to the purchase amount. In the event that you did not allow your lawyer to report the price change to your mortgage company then they would need to refrain from acting for you and the bank.