When will exchange of contracts happen for purchase conveyancing in Tadworth and am I required to be at the lawyers branch?
If you are local to our conveyancing solicitors in Tadworth you are invited in to sign contracts. That being said, the law practices we recommend provide a nationwide conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Tadworth)to be in the office available at the end of the phone to exchange contracts.
I am helping my mother sell her flat in Tadworth. Does the conveyancing solicitor arrange the EPC or should I organise this?
After the demise of HIPs, EPC’s was retained a mandatory component of selling a property. An EPC needs to be to hand in advance of the property being marketed. This is not a task that solicitors normally organise. If you are using a Tadworth conveyancing solicitor they might be willing to arrange EPC’s due to their contacts with long established Tadworth energy assessors
My wife and I are at the point of looking at flats in Tadworth and I am now considering a potential offer. Is it advisable to have a conveyancing practitioner on ‘stand by’? I will be getting a mortgage with Virgin Money.
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
After what seems like an age I have had an offer on a flat in Tadworth accepted, the vendors do nevertheless have a connected purchase. The vendors have placed an offer on on an apartment, but it’s not been accepted yet, and are looking at other properties booked. I have instructed a local conveyancing solicitor in Tadworth. What do I do now? When do I get the mortgage application with Aldermore going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx one thousand pounds, then valuation, Tadworth conveyancing search charges, etc). First, you must ensure that your lawyer is on the Aldermore conveyancing panel. As to the subsequent stages this very much dictated by the circumstances of your case, desire for the property and on the state of the market. In a buoyant market some buyers would apply for the mortgage with Aldermore and arrange for the valuation and only if it comes back ok would they ask their property lawyer to proceed with searches.
Will my solicitor be making enquiries concerning flooding as part of the conveyancing in Tadworth.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Tadworth. There are those who purchase a property in Tadworth, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various searches that may be undertaken by the purchaser or by their conveyancers which will figure out the risks in Tadworth. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to find out whether the premises has suffered from flooding. If the residence has been flooded in past and is not disclosed by the seller, then a buyer may issue a compensation claim resulting from an incorrect reply. The purchaser’s lawyers should also commission an environmental search. This will disclose if there is a recorded flood risk. If so, more detailed inquiries will need to be initiated.
Me and my brother own a terraced Victorian property in Tadworth. Conveyancing solicitor acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for 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 Tadworth and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the purchase.
I'm purchasing my first flat in Tadworth with a loan from Alliance & Leicester . The developers would not budge the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not disclose to my solicitor about this deal as it may adversely affect my mortgage with Alliance & Leicester . Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My husband and I are FTB’s - had an offer accepted, yet the agent has warned us that the owners will only move forward if we instruct their preferred lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Tadworth
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Tadworth conveyancing solicitors - rather thanthose that will earn their estate agent a kickback or achieve conveyancing thresholds set by corporate headquarters.