When does exchange of contracts take place for sale conveyancing in Weston super Mare and do I need to attend the solicitors office?
If you are round the corner to our conveyancing solicitors in Weston super Mare you are welcome to attend to sign contracts. However, the law practices we recommend offer a nationwide conveyancing service and give just as detailed and professional a job for you when communicating 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 exchange contracts at the appropriate time, which will usually be very 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 Weston super Mare)to be in the office at the appropriate time.
A colleague recommended that where I am buying in Weston super Mare I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Weston super Mare conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Weston super Mare around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Weston super Mare Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Weston super Mare.
I have a terraced Edwardian property in Weston super Mare. Conveyancing practitioner represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching address. Is it worth asking Lloyds TSB Bank to clarify?
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Weston super Mare and other locations in 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 purchasers. You can also question the position with your conveyancing solicitor who conducted the purchase.
How does conveyancing in Weston super Mare differ for newly converted properties?
Most buyers of new build property in Weston super Mare come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Weston super Mare typically acquire 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 accustomed to new build conveyancing in Weston super Mare or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Weston super Mare before retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to give a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Weston super Mare. Conveyancing may be slightly more expensive based on your lender's requirements.
Why am I unable to complete my conveyancing in Weston super Mare on a bank holiday?
Because on completion the funds needs to pass between the banks of the buyer and seller's conveyancer and at present this can only happen on a business day. So you can't complete on a weekend either.