At what point does exchange of contracts occur in residential conveyancing in Billesdon and do I need to be at the lawyers office?

If you are in close proximity to our conveyancing solicitors in Billesdon you are welcome to attend to sign documents. However, the law practices we recommend supply countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when communicating with you electronically. The signing of the property agreement is not the important part. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Billesdon)to be in the office available at the end of the phone to exchange contracts.

A colleague advised me that where I am purchasing in Billesdon I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually included in the estimate for your Billesdon conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Billesdon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Billesdon Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Billesdon Education with plans and statistics, Local Amenities and other useful information regarding Billesdon.

The deeds to our house are lost. The lawyers who did the conveyancing in Billesdon 10 years ago are no longer around. What do I do?

You no longer need to hold title deeds to evidence that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.

I'm purchasing my first flat in Billesdon with a mortgage from The Royal Bank of Scotland. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not inform my lawyer about the deal as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.

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.

I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Billesdon is the location of the property. What do you suggest?

Flying freeholds in Billesdon are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Billesdon you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Billesdon 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.