At what point does exchange of contracts happen for sale conveyancing in Portsmouth and am I required to be at the solicitors branch?

If you are local to one of the conveyancing solicitors in Portsmouth you are invited in to sign documents. That being said, the law practices we recommend provide countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the property agreement is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Portsmouth)to be in the office available at the end of the phone to exchange contracts.

We wanted to use a property lawyer in Portsmouth for our home move. Our financial adviser has since advised us that our mortgage lenders The Mortgage Works won't deal with them. Why is this not regarded as unduly restrictive?

A bank will require an approved conveyancer act for it. Borrowers are expected to bear the cost of this. Please make use of our database to find a solicitor to carry conveyancing in Portsmouth on the The Mortgage Works member panel.

Will our conveyancer be raising questions about flooding as part of the conveyancing in Portsmouth.

The risk of flooding is if increasing concern for solicitors conducting conveyancing in Portsmouth. Some people will buy a house in Portsmouth, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.

Solicitors are not best placed to impart advice on flood risk, but there are a numerous checks that can be carried out by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Portsmouth. The standard completed inquiry forms sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to discover whether the premises has suffered from flooding. If flooding has previously occurred which is not notified by the owner, then a purchaser may bring a legal claim for losses as a result of such an inaccurate answer. The buyer’s lawyers should also conduct an enviro report. This will higlight whether there is any known flood risk. If so, further investigations should be made.

I'm refinancing my primary home to a buy to let mortgage with Nottingham Building Society and I will use the rest of the raised equity as a down payment on a second property. The area we are looking at is Portsmouth. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?

Make use of our comparison tool on this site to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the lawyer should be able to tie up the two transactions but you should have a chat with you solicitor and communicate your expectations and requirements.

In my capacity as executor for the estate of my aunt I am disposing of a residence in Newport but I am based in Portsmouth. My conveyancer (approximately 260 kilometers from mehas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Portsmouth to witness and place their company stamp on the document?

Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Portsmouth based