I am purchasing a home, do we need 'conveyancing searches'?
These searches are a standard set of queries performed on behalf of the party intending to buy the property, which may include a local authority search. You should be aware that, conveyancing searches only relate to issues and defects relating to the property's legal title.
How many weeks can the legal work to buy property need, on average? The house being transacted is also in the area.
For the majority of property purchasers, the amount of time required to buy or sell a residence varies, with reference to a range of legal considerations. 8 to 12 weeks is the average for many firms, we however take a more proactive attitude, pushing a transaction to complete within 8 weeks if possible.
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 search enquiries should the conveyancer in Winchelsea conduct on a Winchelsea building?
The normal procedure will be to obtain Local Authority (personal or official), Drainage Search (Con29DW or personal), Environmental and Gypsum Mining Search and, depending on certain criteria, specific local Winchelsea searches, which may include a Limestone Search.
Should I change the locks after I move in?
It would be a wise move to replace the locks upon moving into your new home, for peace of mind if nothing else. Although you may have received a number of copies of the keys, you may not know accurately whether that bunch constitutes every copy.
Although changing the locks will be an extra cost, you may find that buildings insurance may look on the move favourably, too.
Need guidance on what to expect from the conveyancing and legal work associated with your planned move? Call our team at Homeward Legal on 0800 038 6699 and they'll get you set up today.
What type of local environmental searches into the risk and history of possible flooding at East Sussex will the solicitor in Winchelsea actually carry out on a Regency property I am hoping to buy?
The residential property solicitor makes an application for formal property conveyancing searches that will include Winchelsea area flood risk information. In addition a Winchelsea solicitor could possibly advise a significantly more in-depth local Winchelsea area search.
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.