When does exchange of contracts take place for residential conveyancing in Upper Tean and am I required to attend the solicitors office?

If you are round the corner to one of the conveyancing solicitors in Upper Tean you are welcome to attend to sign the paperwork. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is necessary for the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Upper Tean)to be in the office available at the end of the phone to exchange contracts.

Forgive me if this question is silly but I am new to the home buying as FTB of a ground floor flat in Upper Tean. Do I collect the keys to the house on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Upper Tean?

There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you will be invited to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

My wife and I are at the point of viewing flats in Upper Tean and I am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Kent Reliance.

It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.

About to purchase flat in Upper Tean. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Upper Tean conveyancer is on the Bank of Ireland conveyancing panel.

I am purchasing a new build house in Upper Tean with a loan from Bank of Scotland. The sellers refused to budge the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my solicitor about the side-deal as it could jeopardize my loan with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Can you offer any advice when it comes to finding a Upper Tean conveyancing practice to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Upper Tean conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Upper Tean conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:

How experienced is the firm with lease extension legislation?

I acquired a 1st floor flat in Upper Tean, conveyancing formalities finalised in 2003. How much will my lease extension cost? Equivalent flats in Upper Tean with an extended lease are worth £171,000. The ground rent is £50 per annum. The lease finishes on 21st October 2104

With only 79 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.

What is the reason for new build conveyancing in Upper Tean being more expensive?

Conveyancing in Upper Tean for newly converted or new build premises can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional investigations and contractual concerns.