At what point does exchange of contracts happen for domestic conveyancing in Turvey and am I required to be at the solicitors office?

If you are round the corner to one of the conveyancing solicitors in Turvey you are welcome to attend to sign documents. That being said, the law practices 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 property agreement is not the critical part. Signing on the dotted line simply enables the solicitor to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Turvey)to be in the office available at the end of the phone to exchange contracts.

we are a couple who are hoping to buy a newbuild apartment in Turvey with a residential mortgage from Alliance & Leicester .We use our Turvey conveyancing solicitor but Alliance & Leicester advised that his firm is not listed on their "panel". we are left little option but to use a Alliance & Leicester panel lawyer or retain our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?

Unfortunately,no. The home loan issued to you contains various provisions, one of which will be that conveyancers needs to be on the Alliance & Leicester solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Alliance & Leicester

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Turvey is the location of the property. Can you shed any light on this issue?

Flying freeholds in Turvey are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Turvey you would need to get your solicitor to go 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 Turvey may ascertain 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 property.

I am attracted to a two maisonettes in Turvey which have about 50 years remaining on the leases. Will this present a problem?

A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.

I own a garden flat in Turvey, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Turvey with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ends on 21st October 2095

With just 71 years left to run we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

I am in the market for an affordable conveyancing solicitor in Turvey to assist me in selling my apartment. I am aware of the possibility of getting ripped off but with many Turvey conveyancing organisations to choose from...who do I opt for?

An unbiased personal recommendation from someone who has used a conveyancing solicitor previously is always a good thing. You are sure to know someone who has used a conveyancing lawyer at some point. Do use our comparison tool for Turvey conveyancing quotes