At what point can the exchange of contracts occur in domestic conveyancing in Lyme Regis and do I need to be at the lawyers branch?
Where you are local to one of the conveyancing solicitors in Lyme Regis you are welcome to come in to sign documents. However, the law practices we recommend provide countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you electronically. The signing of the property agreement is not the point of no return. Signing on the dotted line simply enables the solicitor to exchange contracts when the time is right, 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 Lyme Regis)to be in the office at the appropriate time.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who handled the conveyancing in Lyme Regis 4 years ago have long since closed. What do I do?
You no longer need to hold title official documentation to evidence that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
About to purchase a new build apartment in Lyme Regis. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Lyme Regis
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey done on a house in Lyme Regis in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend not grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lyme Regis. Conveyancing will be smoother if you use a solicitor in Lyme Regis especially if they regularly deal with such properties in Lyme Regis.
I have appointed a Lyme Regis conveyancing solicitor for our house purchase (first time buyers) and have picked up in the engagement letter that they are not covered by the Financial Conduct Authority. Am I right to be worried or is that standard with property lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have stringent stipulations in place on amounts held on client account.