At what point does exchange of contracts take place for residential conveyancing in Thorpe St Andrew and do I need to attend the conveyancers office?

Where you are in close proximity to our conveyancing solicitors in Thorpe St Andrew you are invited in to sign contracts. However, the firms we recommend supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the point of no return. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thorpe St Andrew)to be in the office at the appropriate time.

We are selling our home in Thorpe St Andrew and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Thorpe St Andrew lawyer would know this is not the case. For the life of me I don't know why the buyers used a national conveyancing firm rather than a conveyancing solicitor in Thorpe St Andrew. Having lived in Thorpe St Andrew for 5 years we know of no issue. Do we contact our local Authority to obtain clarification that there is no issue.

It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Thorpe St Andrew I like with amenity areas and station nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Thorpe St Andrew in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a home loan that many years will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

Am I best advised to instruct a Thorpe St Andrew conveyancing practitioner who is local to the property I am buying? An old friend can handle the conveyancing however his firm is located approximately 350miles drive away.

The primary upside of using a local Thorpe St Andrew conveyancing firm is that you can drop in to execute paperwork, present your identification documents and pester them if necessary. Having local Thorpe St Andrew know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were content that should surpass using an unknown Thorpe St Andrew conveyancing lawyer solely due to them being local.

What makes a Thorpe St Andrew lease defective?

There is nothing unique about leasehold conveyancing in Thorpe St Andrew. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

A provision to repair to or maintain elements of the property

You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Skipton Building Society, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.

Thorpe St Andrew Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

Best to be warned whether fixing the lift or some other significant cost is due in the foreseeable future to be shared by the leasehold owners and could well dramatically impact the level of the maintenance charges or result in a one time invoice. The best form of lease structure is a share of the freehold. In this scenario the tenants have control and notwithstanding that a managing agent is usually employed if it is larger than a house conversion, the managing agent employed by the leaseholders. How many of the leaseholders are in arrears for their maintenance charge payments?