When does exchange of contracts happen for sale conveyancing in Prestbury and do I need to be at the lawyers branch?
Where you are round the corner to one of the conveyancing solicitors in Prestbury you are welcome to come in to sign documents. That being said, the lender approved solicitors we recommend supply a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm 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 involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Prestbury)to be in the office at the appropriate time.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather use a Prestbury based conveyancing firm?
Do check but the the probability is that appoint one of their panel solicitors where you accept the "fee-free" deal. Call the mortgage company to check if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Prestbury.
If you had a top tip for choosing a conveyancing solicitor in Prestbury what would it be?
It would be unwise to be swayed by the lowest Prestbury conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
I'm the only recipient of my late mum's will and I have everything in my name now, including the house in Prestbury. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I do know about the CML 6 month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the house in December. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Most lenders would take a sensible view as this obligation primarily exists to identify the purchase and immediately sell or the flipping of properties.
We have a mortgage agreed in principle with Virgin Money. Prestbury conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
There is no definitive answer here. Have Virgin Money completed the valuation? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
What will a local search tell me regarding the house my wife and I buying in Prestbury?
Prestbury conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search plays an important role in many a Prestbury conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Prestbury is the location of the property. Can you offer any advice?
Flying freeholds in Prestbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Prestbury you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prestbury may decide 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 property.