When will exchange of contracts occur in sale conveyancing in Petersham and do I need to be at the conveyancers office?
Where you are local to our conveyancing solicitors in Petersham you are welcome to attend to sign contracts. That being said, the firms we recommend offer a nationwide conveyancing service and provide as equally detailed and professional a job for you when communicating with you electronically. The executing of the property agreement is not the point of no return. Signing on the dotted line simply enables the firm 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 an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Petersham)to be in the office available at the end of the phone to exchange contracts.
My brother and I have recentlybought a house in Petersham. We have noticed several issues with the property which we suspect were missed in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that should have been conducted for conveyancing in Petersham?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Petersham. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are supposed to help avoid problems. As part of the process, a seller answers a form called a SPIF. If the information turns out to be misleading, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor.However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Petersham.
I own a 4 bedroom Victorian house in Petersham. Conveyancing practitioner represented me and Aldermore. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Petersham and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.