At what point can the exchange of contracts happen for residential conveyancing in Stonehouse and do I need to be at the solicitors office?
If you are in close proximity to one of the conveyancing solicitors in Stonehouse you are welcome to attend to sign contracts. However, the law practices we work with supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. Signing on the dotted line simply enables the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Stonehouse)to be in the office available at the end of the phone to exchange contracts.
I used Arc property Solicitors a few years ago for my conveyancing in Stonehouse. Now, I need the files but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stonehouse of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Stonehouse differ for new build properties?
Most buyers of new build premises in Stonehouse contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Stonehouse tend to acquire the site, 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 conveyancers 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 accustomed to new build conveyancing in Stonehouse or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Stonehouse before appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stonehouse. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stonehouse to see if the conveyancing costs will increase in light of this.
I have recently realised that I have Fifty years left on my flat in Stonehouse. I now wish to get lease extension but my landlord is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have used your best endeavours to locate the landlord. In some cases a specialist would be helpful to conduct investigations and to produce a report to be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Stonehouse.
Stonehouse Leasehold Conveyancing - A selection of Queries Prior to Purchasing
Please note if it is fewer than 80 years it will have adverse implications on the value of the apartment. Check with your bank that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you would be required to have owned the residence for 24 months before you are eligible to exercise a lease extension. Does the lease include onerous restrictions?