When can the exchange of contracts occur in residential conveyancing in Waterbeach and do I need to be at the lawyers branch?
Where you are near to one of the conveyancing solicitors in Waterbeach you are welcome to attend to sign contracts. However, the law practices we recommend provide countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when communicating with you by post or email. The signing of the contract is not the critical part. A signed contract is just a prerequisite for the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Waterbeach)to be in the office available at the end of the phone to exchange contracts.
My bid for a property was accepted at auction in Waterbeach. Conveyancing is needed. What happens now?
Having legally committed yourself to purchase you must retain a conveyancing practitioner as a matter of urgency as you are facing a tight a fixed date to complete the conveyancing. Every auction property should have a bespoke legal pack. This will likely include most,if not all of the paperwork that your solicitor requires. In the case of leasehold property the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to give this to the lawyer instructed by you ASAP. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
Two weeks ago we had a mortgage agreed in principle with Co-operative. Waterbeach conveyancing lawyers were chosen. How long does it take for Co-operative to issue the offer to the lawyer?
There is no definitive answer here. Have Co-operative conducted the survey? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Waterbeach. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
As your lender is Coventry BS your lawyer must follow the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Coventry BS where a lease fails to satisfy these provisions. The provisions relate to the installation of panels on properties nationwide and is not isolated to Waterbeach.
I am downsizing from our house in Waterbeach and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Waterbeach conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a web based conveyancing outfit rather than a conveyancing solicitor in Waterbeach. We have lived in Waterbeach for three years we know of no issue. Should we contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
My fiance and I may need to sub-let our Waterbeach garden flat for a while due to a career opportunity. We used a Waterbeach conveyancing practice in 2001 but they have since shut and we did not have the foresight to get any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your last Waterbeach conveyancing lawyer is not around you can check your lease to see if you are permitted to let out the premises. The accepted inference is that if the deeds are silent, subletting is allowed. Quite often there is a prerequisite that you need to seek permission from your landlord or some other party in advance of subletting. The net result is you not allowed to sublet in the absence of prior permission. The consent should not be unreasonably turned down. If your lease prohibits you from letting out the property you will need to ask your landlord for their consent.
Leasehold Conveyancing in Waterbeach - A selection of Questions you should consider Prior to buying
How many of the leaseholders are in arrears for their maintenance charge payments? Be sure to discover if the the lease contains any unreasonable restrictions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Waterbeach. If you love the apartmentin Waterbeach yet your dog can’t make the move with you then you have a very hard decision. Where a Waterbeach lease has less than 80 years it will have adverse implications on the marketability of the apartment. Check with your lender that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will probably need a lease extension sooner rather than later and it is worth discovering how much this would cost. For most Waterbeachlease extensions you would need to own the property for a couple of years before you are eligible to carry out a lease extension.
My mortgage broker has recommended their solicitor for the conveyancing in Waterbeach - Is it not simpler advisable to just use them?
This is not necessarily the case and you are at liberty to use whichever property lawyer you decide for your Waterbeach home move. A property lawyer suggested by a 3rd party adviser may not always be the right lawyer, they may recommend their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.