Can the conveyancing lawyers listed on your site carry out conveyancing in Downham by way of an attended exchange?
There are a few conveyancing specialists who can conduct personalised exchanges. You should contact us to obtain a conveyancing quote and details as to availability.
As I am unsure how the conveyancing process works what is the most important piece of guidance you can give me about purchase conveyancing in Downham?
You may not hear this from too many lawyers but conveyancing in Downham or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is lots of opportunity for confrontation between you and others involved in the legal transfer of property. E.g., the seller, selling agent and sometimes the lender. Choosing a law firm for your conveyancing in Downham is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose role it is to protect your best interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You should always trust your solicitor above the other players when it comes to the legal assignment of property.
My bid for a property was accepted at auction in Downham. Conveyancing is necessary. What are my next steps?
Having for in every practical sense signed on the dotted line you now have to hire the services of a conveyancing lawyer soon as you now have a tight deadline in which to complete the transaction. All auction property will have a corresponding auction set of papers. This will include most,if not all of the paperwork that your lawyer will need. In the case of leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
I had a mortgage agreed in principle with RBS. Downham conveyancing lawyers were chosen. How long does it take for RBS to issue the offer to the conveyancer?
Some lenders take longer than others. Have RBS conducted the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I currently have a mortgage with Co-operative for my property in Downham. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
Co-operative must be informed of your intention in advance of renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel lawyer.
How does conveyancing in Downham differ for new build properties?
Most buyers of new build or newly converted property in Downham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Downham usually purchase the site, 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 used to new build conveyancing in Downham or who has acted in the same development.
I have been advised by a few selling agents in Downham to choose a property lawyer on your site. What’s the financial advantage for Estate Agents to market your lawyers rather than a competitor’s?
We refuse to make any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
How much experience do your Downham conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Downham conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Downham conveyancers have worked on recent similar cases.