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.
What can the searches cost?
The cost of conveyancing searches does vary substantially. They are disbursements, and are charged 'at cost'.
What can a Endon conveyancing solicitor recommend if the property is situated in a Stoke-on-Trent conservation area which has unfitting removal of chimney stacks fitted to it?
Local authority search (LLC1 - Requisition for search and Official Certificate of Search) carried out by your Endon conveyancing solicitor during the conveyancing process will ascertain whether the property is inside a designated conservation area and evidence of formal approval for modifications will be supplied.
What are the reasons why conveyancing work for a sale in Endon goes on for so long?
The Endon conveyancing process could be delayed for many reasons. Sometimes, these reasons are regrettably beyond the solicitor's influence, we, however, do our best to minimise the effect of these delays whenever feasible by, for example, ordering searches as early as possible.
The survey revealed that no planning consent was obtained for an extension: What are the issues I’ll face?
The chartered surveyor inspecting the property will check any extensions or works that have occurred and highlight any concerns for the attention of your conveyancing solicitor, who will make enquiries with the local authority to establish whether the consents and building regulations are in place.
If the building regulations agreement is not in place, the vendor is not legally allowed to sell the property until they are, since the title deeds cannot be transferred to your ownership. If building requiring planning consent is present at the property but without proof of consent approval, the local authority might be willing to accept a retrospective approval, although this could take a long time, and, even then, they may instruct you, as the new owner, to return the building to its former state, which could be very costly.
Your solicitor will be able to advise you on the most appropriate course of action to take, including whether the retrospective planning or the reversal of building works can be renegotiated from the agreed sale price.
When should you instruct a conveyancer?
In the vast majority of cases, the sooner you instruct a firm, the better, as the legal work can start immediately. Instructing your solicitor earlier can reduce the likelihood of the sale or purchase aborting.
Can we move quickly and exchange contracts on the legal work on an apartment within 4 weeks, do you employ fast Endon conveyancing solicitors ?
Our chosen solicitors typically have a efficient method when completing the conveyancing work.
With us, conveyancers attempt to communicate up and down the property chain (sequence of buyers and sellers) and utilise modern legal software systems to complete on your house move fast.
What are the benefits of an online solicitor against a high street firm?
Many commentators and bloggers have suggested that you get so much more from online conveyancers because they have access to state-of-the-art applications to manage their cases and use the latest communication technology.
However, there is nothing stopping high street conveyancing firms from adopting such technology. And they will have a wealth of experience and knowledge of the local area that they can bring to bear on your transaction.
It all comes down to what they offer and how they go about their business. You should get a selection of quotes and read through the terms and conditions in detail to understand the comparisons between what they offer and how much they are going to charge you for the service.
If you choose Homeward Legal, you not only get an experienced proactive solicitor but also access to the latest technology and local knowledge. Call us now on 0800 038 6699 to find out more.