When can the exchange of contracts happen for purchase conveyancing in South Ruislip and am I required to attend the conveyancers office?
Where you are near to one of the conveyancing solicitors in South Ruislip you are welcome to come in to sign the paperwork. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the critical part. Signing on the dotted line is just a prerequisite for the firm to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South Ruislip)to be in the office at the appropriate time.
I am the sole beneficiary of my late father’s will and I have everything in my name now, including the house in South Ruislip. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the property in January. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view banks take of it, depend on the lender as this obligation is principally there to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
We had selected solicitors locally in South Ruislip on the Bank of Ireland solicitor panel. They have just billed me an additional amount for handling the Bank of Ireland mortgage. Is this a supplemental conveyancing fee specified by Bank of Ireland?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer can levy a fee for this. This charge is not set by Bank of Ireland but by your South Ruislip lawyer. Plenty of firms on the Bank of Ireland panel will levy ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
Can I be sure that the South Ruislip conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in South Ruislip getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I got the keys to my house on 9 April and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in South Ruislip advises it should be concluded in a couple of weeks. Are titles in South Ruislip particularly slow to register?
There is nothing unique about conveyancing in South Ruislip registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any third persons or bodies. As of today roughly 80% of such applications are fully addressed within 12 days but some can be subject to longer delays. Historically registration takes place after the new owner has moved in to the property therefore 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in South Ruislip differ for new build properties?
Most buyers of new build or newly converted property in South Ruislip contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because developers in South Ruislip typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in South Ruislip or who has acted in the same development.
Why can I not complete my conveyancing in South Ruislip on Easter Monday?
This is due to the fact that on completion the money will pass between the banks of the buyer and owner’s property lawyer and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.