At what point can the exchange of contracts take place for residential conveyancing in Bursledon and am I required to attend the lawyers office?
If you are near to one of the conveyancing solicitors in Bursledon you are welcome to come in to sign contracts. However, the law practices we work with supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The signing of the purchase agreement is not the critical part. Signing on the dotted line is necessary for the solicitor to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bursledon)to be in the office at the appropriate time.
I am assisting my step-mother sell her property in Bursledon. Does the conveyancing solicitor arrange an energy performance certificate or it is for the owner to coordinate?
After the demise of HIPs, energy performance certificates remained a compulsory part of moving property. An EPC needs to be to hand before the property is placed on the market. It is not as aspect of the sale process that lawyers ordinarily arrange. Where you are using a Bursledon conveyancing solicitor they might be able to arrange EPC’s due to their contacts with reputable Bursledon accredited person
I am being advised by my solicitor that chancel insurance is required on my purchase. What is the level of cover for Bursledon conveyancing?
The appropriate level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Birmingham Midshires and Virgin Money. Conveyancing solicitors as opposed to members of the public take out such policies.
We had selected conveyancers located in Bursledon on the TSB solicitor panel. They have just billed me a separate charge for handling the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer is entitled to charge a fee for this. This charge is not dictated by TSB but by your Bursledon solicitor. Some firms on the TSB panel will quote ’dealing with mortgage’ fee and others do not.
We are close to exchanging contracts on the sale of our property in Bursledon and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing practice rather than a conveyancing solicitor in Bursledon. Having lived in Bursledon for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should enquire of 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 ailment)
2 months have elapsed since my purchase conveyancing in Bursledon took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bursledon differ for new build properties?
Most buyers of new build residence in Bursledon contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Bursledon typically purchase 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 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 Bursledon or who has acted in the same development.
I am hoping to exchange soon on a garden flat in Bursledon. Conveyancing lawyers assured me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bursledon should include some of the following:
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Advice concerning the obligations as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a leaseholder has Whether your lease provides for a slush fund? What remedies are open the freeholder should you breach a clause of your lease? Are pets allowed in the flat?
Bursledon Leasehold Conveyancing - A selection of Queries before buying
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How many of the leaseholders are in arrears for their service charge payments? This information is helpful as a) areas could cause problems in the block as the common areas may start to deteriorate if services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to have full disclosure