When does exchange of contracts happen for purchase conveyancing in Hook and am I required to be at the conveyancers branch?
If you are near to one of the conveyancing solicitors in Hook you are welcome to come in to sign contracts. However, the firms we work with provide countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the conveyancer to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hook)to be in the office available at the end of the phone to exchange contracts.
We're in Hook, First timers purchasing with a mortgage (lender is Santander , and our lawyer is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Should my solicitor be raising enquiries about flooding during the conveyancing in Hook.
Flooding is a growing risk for solicitors dealing with homes in Hook. There are those who purchase a house in Hook, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a numerous searches that can be initiated by the purchaser or by their solicitors which can figure out the risks in Hook. The standard information given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the vendor to discover if the property has historically flooded. In the event that flooding has previously occurred which is not revealed by the vendor, then a buyer may bring a compensation claim as a result of such an misleading response. A purchaser’s solicitors should also order an enviro search. This will higlight if there is any known flood risk. If so, additional inquiries will need to be conducted.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, no chain conveyancing. Hook is where the house is located. Is there any advice you can give?
Flying freeholds in Hook are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hook you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hook may determine 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 residence.
In sourcing the web for the phrase cheap conveyancing in Hook it reveals many property lawyerslocally. With so much choice what is the best way to find the right solicitor for the sale of my house?
The preferential way of seeking the right conveyancer is through a personal referral, so ask friends and family who have bought a property in Hook or a local estate agent or mortgage broker. Charges for conveyancing in Hook differ, so it's a good idea to secure a minimum of three costs illustrations from different law firms. Dont forget to clarify that the fees are fixed.