What makes sale conveyancing work to require so much time and effort? We had several delays with our previous solicitor.
Conveyancing could take more time. Homeward Legal aim to curtail the impact of these delays where feasible by pushing all parties involved. There are numerous reasons for delay, such as difficulties with mortgage finance.
The lender will be Co-operative Bank - what do we need to be aware of?
Prior to recent changes, solicitors could carry out mortgage-related work for most lenders. Some lenders have limited the firms who can act for them, which may result in increased conveyancing costs for home buyers. Homeward Legal are able to act for the vast majority of lenders in the UK so that you will not be required to pay any additional legal fees to your lender's solicitor.
What does 'gazumping' mean?
Gazumping takes place when a seller accepts an offer and then rejects it, opting for a second buyer's offer. It could happen only days prior to exchange. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of gazumping. To reduce the likelihood of being gazumped, consider instructing a solicitor as soon as possible.
In a few weeks I am intending to move out of our detached residence on the outskirts of Addiscombe into a property in Woodside when to select a house removal firm?
Most solicitors tend to recommend that you hold off booking a removals company until such time as the contracts have exchanged because typically a date wont have been set. Typically firms might impose a re booking cost . For more information speak to Garden Clearances, 156 Longheath Gdns, Croydon, CR0 7TQ Tel: 07928 391860.
What’s the difference between exchange of contracts and completion?
When you exchange contracts, this means that you are agreeing to all the terms drawn up within the contract made between you on one side of the transaction, and the opposite party on the other side. It is from this point that you are legally obliged to go through with the transaction (unless you want to be subject to financial and/or legal penalties).
The completion of contracts is the point where you officially take over ownership of the property, receive the keys and can move in. All monies are transferred between the various parties and the conveyancing solicitor contacts the Land Registry to register the change of ownership to you.
Confused by the jargon in conveyancing? Let Homeward Legal's straightforward and clear service help guide you to as early a completion as possible. Try our online quote generator or call us on 0800 038 6699.