At what point does exchange of contracts take place for sale conveyancing in Binfield and am I required to attend the solicitors office?
Where you are local to our conveyancing solicitors in Binfield you are welcome to come in to sign contracts. That being said, the law practices we work with provide countrywide coverage for conveyancing and give as equally detailed and professional a job for you when dealing with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Binfield)to be in the office at the appropriate time.
The Binfield conveyancing lawyers that I appointed last week on my purchase in Binfield have without warning closed. I chose them because I had to have a lawyer on the Clydesdale conveyancing panel and my family Binfield lawyer was not. I paid them money in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
My relative advised me that if I am buying in Binfield I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Binfield conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Binfield around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Binfield.
My wife and I have a terraced Edwardian property in Binfield. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Binfield and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing lawyer who carried out the work.
How does conveyancing in Binfield differ for new build properties?
Most buyers of new build or newly converted property in Binfield contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Binfield 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 conveyancers 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 used to new build conveyancing in Binfield or who has acted in the same development.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Binfield?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Binfield. Unlike many estate agents and brokerage sites we do not have kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors paying the most kickback, not the best value conveyancing in Binfield