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.
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What do I do if new and severe damage is found after moving in?
You should reasonably expect the home into which you’re moving to be cleared, clean and without additional damage. Of course, things can happen as removals can chip plaster, scratch or tear wallpaper, etc., but if there is significant damage that was not present before, it would be advisable to talk to your solicitor to see if there is any recourse for you on your seller.
You may also like to think about writing a clause into the contract that money will only be released after a cursory inspection of the premises to confirm that you are happy. This needs to be agreed with the seller’s solicitor, but the expectation is already raised. Beware that, in the chaos of the moving day, you can’t afford to delay things too much, so it’s a fine balance.
Which local authority is responsible for Earlsfield?
Earlsfield is located in London Borough of Wandsworth Council, The Town Hall, Wandsworth High Street, London, SW18 2PU, contact: 020 8871 6004
The internet has collections of on and offline handbooks going into great depth on DIY conveyancing. Do I really need a Earlsfield solicitor for my home move?
It can certainly possible for you to handle the your own conveyancing unaided. The truth is however that a Earlsfield conveyancer is in charge of a significant number of exercises ranging from chasing notices/share certificates and maintaining constant communication with agents most of which need a qualified professional. Furthermore legal practices are required to carry the correct professional indemnity insurance to insulate you in the event of any failures made by the lawyer.
What are our options if we buy a modified home in a Wandsworth local authority designated conservation area ?
An integral part of conveyancing for buyers includes ordering of LLC1 searches of the Wandsworth authority to confirm conservation area status and the appropriate consent for any changes. .