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

If you are near to one of the conveyancing solicitors in Whitchurch you are welcome to come in to sign contracts. However, the firms we work with provide a nationwide conveyancing service and provide as equally detailed and professional a job for you when dealing with you digitally. The executing of the purchase agreement is not the important part. Signing on the dotted line is just a prerequisite for the solicitor to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Whitchurch)to be in the office at the appropriate time.

Do the Building Society Association intend to launch a online directory to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Whitchurch?

Lexsure has not been advised of any plans on the part of the BSA to develop such a register.

How does conveyancing in Whitchurch differ for newly converted properties?

Most buyers of new build property in Whitchurch contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Whitchurch typically acquire the real estate, 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 conveyancing solicitors 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 Whitchurch or who has acted in the same development.

I have been on the look out for a ground for flat up to £235,500 and identified one close by in Whitchurch I like with open areas and station nearby, however it's only got 51 years on the lease. There is not much else in Whitchurch for this price, so just wondered if I would be making a mistake buying a short lease?

If you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.

We expect to complete the disposal of our £225,000 garden flat in Whitchurch next week. The managing agents has quoted £312 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Whitchurch?

Whitchurch conveyancing on leasehold maisonettes often requires the purchaser’s conveyancer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to address such questions the majority will be willing to do so. They are at liberty to charge a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge levied by the landlord must be accompanied by a summary of rights and obligations in relation to administration charges, without which the charge is technically not due. Reality however dictates that you have little choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.

Leasehold Conveyancing in Whitchurch - A selection of Questions you should consider before buying

Does the lease contain onerous restrictions? Are any of leasehold owners in arrears of their service charge payments? Who are the managing agents?