When does exchange of contracts take place for purchase conveyancing in Weymouth and am I required to attend the lawyers branch?
If you are in close proximity to our conveyancing solicitors in Weymouth you are invited in to sign the paperwork. That being said, the firms we work with provide a countrywide conveyancing service and provide just as comprehensive and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. A signed contract is necessary for the solicitor to exchange contracts 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 play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Weymouth)to be in the office available at the end of the phone to exchange contracts.
I am purchasing my first flat in Weymouth with a mortgage from Coventry Building Society. The sellers would not budge the price so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my conveyancer about the side-deal as it may put at risk my mortgage with Coventry Building Society. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Weymouth ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not give a loan on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Weymouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Weymouth to see if the conveyancing costs will increase in light of this.
Is it possible to switch conveyancer as I need to select one who is on the Chelsea Building Society conveyancing panel. I instructed a local conveyancing solicitor in Weymouth five minutes from me but the firm is not accepted by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Weymouth on the Chelsea Building Society panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Weymouth. In utilising search facility on this site, you can scrutinise costs for conveyancing solicitors in Weymouth and throughout England and Wales.
Am I best advised to use a Weymouth conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can deal with the legal formalities but his firm is located 200miles drive away.
The benefit of a local Weymouth conveyancing firm is that you can attend the office to execute paperwork, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that should trump using an unknown Weymouth conveyancing lawyer solely due to them being based in the area.
My estate agent has recommended their lawyer for the conveyancing in Weymouth - won’t it be advisable to just use them?
This is not necessarily the case and you are at liberty to use whichever solicitor you prefer for your Weymouth home move. The conveyancing practitioner recommended by a 3rd party adviser may not necessarily be the best property lawyer, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.