When can the exchange of contracts take place for sale conveyancing in Newport Pagnell and am I required to attend the solicitors branch?
If you are in close proximity to our conveyancing solicitors in Newport Pagnell you are invited in to sign contracts. However, the law practices we work with provide countrywide coverage for conveyancing and provide just as diligent and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the firm to exchange contracts when the time is right, which will usually be very 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 Newport Pagnell)to be in the office available at the end of the phone to exchange contracts.
Have completed on a a terraced house in Newport Pagnell , how long should it take for the Land Registry to record my title? My Newport Pagnell conveyancing solicitor has been painfully slow, so I want to check that my purchase is recorded.
There is nothing unique when it comes to conveyancing in Newport Pagnell registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. As of today approximately 80% of such applications are completed within 12 days but some can be subject to extensive delays. Historically registration occurs once the purchaser is living at the property so 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the encouragement of my in-laws I had a survey completed on a property in Newport Pagnell prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks may refuse to issue a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Newport Pagnell. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by numerous property agents in Newport Pagnell to choose a property lawyer using your seach tool. Is there a financial upside for Estate Agents to recommend your services rather than another?
We refuse to make any commission for directing people our way. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Our lawyer in Newport Pagnell has identified a defect with the lease for the property we are buying in Newport Pagnell. The other side have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that as he is on the bank conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the lender?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Newport Pagnell conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the lender are the client. These conveyancing instructions must be adhered to by the bank conveyancing panel who has to balance acting for you and the mortgage company