At what point does exchange of contracts take place for residential conveyancing in Newton Longville and do I need to attend the conveyancers branch?
If you are local to our conveyancing solicitors in Newton Longville you are welcome to come in to sign the paperwork. However, the law practices we work with offer a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Newton Longville)to be in the office at the appropriate time.
My Solicitor in Newton Longville is not on the HSBC Bank Approved Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are not on the HSBC Bank approved list?
Your options are as follows:
- Carry on with your existing Newton Longville lawyers but HSBC Bank will need to use a solicitor on their panel. This will result in additional total conveyancing fees as well as result in delays.
- Choose an alternative lawyer to to deal with the conveyancing, not forgetting to check they are HSBC Bank approved.
- Persuade your HSBC Bank solicitor to attempt to join the HSBC Bank panel
How does conveyancing in Newton Longville differ for new build properties?
Most buyers of new build or newly converted property in Newton Longville approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Newton Longville tend to purchase the land, 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 property lawyers 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 Newton Longville or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Newton Longville is the location of the property. Can you shed any light on this issue?
Flying freeholds in Newton Longville are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Newton Longville you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newton Longville may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Newton Longville cover?
Newton Longville conveyancing for business premises covers a wide array of advice, provided by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases 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.