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.
Are Earls Court any designated conservation areas going to impact the property we are buying?
These areas characterise local areas of architectural or historic interest. The council will advise further about local areas of conservation, and the lawyer handling your purchase address the impact buying in a conservation area may have.
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
Do I have to be present at viewings?
No, you don’t. It used to be the case that estate agencies were happy to leave the homeowner to show prospective buyers around. However, this has now been dispensed with because they won’t necessarily have the property skills and experience of dealing with and selling to a buyer. Therefore, the preference is usually that you should not be present in the home at all, although this can obviously be difficult with infirmity, working from home, and childcare.
The best option is to discuss this with the estate agent when you appoint them, so that you are aware of their expectations for each viewing, and they will be able to work around you if you have to be present in the home. Whether you are present or not, you should still take care not to be too messy and tidy up as much as possible prior to the viewing appointment, so that good impressions are maintained.
Our fixed fees and the 'No Completion, No Fee' guarantee alongside our results-focused solicitors mean that Homeward Legal is your best choice for the conveyancing. Find out more on 0800 038 6699.
How long on average will it take our lawyer to finish all of the conveyancing work for a maisonette in a Thirties property in Earls Court?
Completion can take anywhere from one month to 12 weeks, based on a number of issues for example the efficiency of the vendor's conveyancing solicitor, or whether the property is freehold or leasehold.
Do I need to select a law firm referred by our agent?
If you choose a conveyancer referred through this route, you may have the benefit of the agent's willingness to move the conveyancing process along. However, if they are paid a referral fee, the agent may prefer to suggest the conveyancer who pays out the highest referral fee, not a firm with local expertise and a solid reputation.
Do you advise that we get a chancel liability search? We are buying a property by church grounds in Earls Court.
Property owners near to a medieval church may be required to subsidise repairs. This is referred to as chancel repair liability. A chancel search addresses if such a liability exists. Your solicitor will suggest an appropriate indemnity policy to address chancel liability. Earls Court Church of England properties where chancel liability may apply include St Cuthbert Philbeach Gardens.
Does your firm specialise the conveyancing for auction properties in Earls Court?
Homeward Legal is used to working with property auction procedures. It is not unusual for hard to value properties such as development propositions, are included at property auctions which require extended inquiries by the property lawyer Homeward Legal therefore advise purchasers to appoint an experienced conveyancing solicitor before the auction day to allow for a review of the sellers legal pack.
Immediately following the auction day your instructed lawyer is completely prepared for completing the legal side of things inside a as tight time frame as usually required .