At what point does exchange of contracts take place for purchase conveyancing in Woodford Green and do I need to be at the conveyancers branch?
If you are round the corner to our conveyancing solicitors in Woodford Green you are invited in to sign contracts. That being said, the firms we recommend provide a countrywide conveyancing service and provide as equally comprehensive and professional a job for you when dealing with you electronically. The executing of the sale agreement is not the critical part. Signing on the dotted line is necessary for the firm to address the formalities when the time is right, 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 in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Woodford Green)to be in the office at the appropriate time.
I am about to put an offer on a leasehold apartment in Woodford Green. The estate agents tell me that it is normal for flats in Woodford Green to have less than 75 years left on the lease. I am getting a mortgage with Platform. Is this going to be a problem if the lease has 70 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/4/2025 the requirements read as follows :
I have been told that property searches are the main reason for stalling in Woodford Green conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Woodford Green.
How does conveyancing in Woodford Green differ for newly converted properties?
Most buyers of new build or newly converted property in Woodford Green contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Woodford Green usually 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 accustomed to new build conveyancing in Woodford Green or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Woodford Green ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can look into this further via 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 Woodford Green. Conveyancing will be smoother if you use a solicitor in Woodford Green especially if they regularly deal with such properties in Woodford Green.
I need to assess costs for conveyancing in Woodford Green from numerous conveyancing practitioner and choose one. Should I get them to sit tight until I I have my bid accepted on a house.
You should wait to request your property lawyer to start work and apply for searches once the offer has been agreed to on the property particularly as Woodford Green conveyancing searches are a couple of hundred pounds.