When does exchange of contracts occur in purchase conveyancing in Walkden and do I need to attend the solicitors branch?
Where you are local to our conveyancing solicitors in Walkden you are invited in to sign contracts. That being said, the firms we work with provide a countrywide conveyancing service and give as equally detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the important part. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process 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 Walkden)to be in the office available at the end of the phone to exchange contracts.
I have 7378 less than 75 years remaining on my lease and require a lease extension for my flat in Walkden. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/4/2019 the requirements read as follows :
I have justdiscovered that Stirling Law have been shut down. They conducted my conveyancing in Walkden for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walkden conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in Walkden ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Walkden. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by a number of selling agents in Walkden to locate a solicitor on your site. What’s the financial inducement for Estate Agents to recommend your lawyers over a competitor’s?
We don’t make any referral fee for directing people in our direction. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.