When will exchange of contracts occur in purchase conveyancing in Hayes and am I required to be at the solicitors office?

If you are in close proximity to one of the conveyancing solicitors in Hayes you are invited in to sign contracts. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you digitally. The signing of the contract is not the critical part. A signed contract simply enables the firm to exchange contracts at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hayes)to be in the office at the appropriate time.

I'm buying my first flat in Hayes with a loan from The Royal Bank of Scotland. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not inform my solicitor about this side-deal as it would impact my mortgage with The Royal Bank of Scotland. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Over the last few months I have been searching for a flat up to £245,000 and found one near me in Hayes I like with amenity areas and station in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Hayes suitable, so just wondered if I would be making a mistake acquiring a short lease?

If you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

I need to retain a conveyancing solicitor for my conveyancing in Hayes. I have chance upon a site which seems to have the ideal solution If it is possible to get all formalities completed via web that would be preferable. Should I be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.