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.
Bookshops and the web have a plethora of online documents going into great depth on how to do DIY conveyancing. Do we necessarily need to spend money on a conveyancer in Wolverley ?
If you are so inclined use the various books to steer you, you can look after the legal process without using a dedicated solicitor in Wolverley. In reality however, a property lawyer is familiar with a large number of skilled tasks ranging from chasing replies to requisitions or dealing with requisition on os1 which really need a qualified solicitor.
More importantly do it yourself conveyancers will be working without suitable professional indemnity insurance which lawyers are required by their regulator to have.
Should I organize a private purchase of items on the Fixtures and Fittings form?
This would be very unwise as the Fixtures and Fittings Form (TA10) forms part of the contract, and it lists all the items that the seller is planning to leave at the property with an agreed price for anything they want money for.
To try to organise a private sale outside of this clear and controlled process may result in difficulties later on in the process, which is precisely why this form is in place. If you want something to remain that’s not listed on the Fixtures and Fittings Form, raise a query through your solicitor so that negotiations may be formally carried out.
Worried about what your responsibilities are in the legal side of your move? Let Homeward Legal help with their experience and low fixed fees. Call our team now on 0800 038 6699.
Are Homeward Legal geared up for act quickly on the conveyancing for auction properties in Wolverley?
We are familiar with local and national auctions and commonly take instructions from buyers and sellers at auction. It is highly recommended buyers at auction to decide on a their firm as quickly as they can so there is time for a detailed review of the sellers documents in advance of the actual auction.
Which local authority is responsible for Wolverley?
Wolverley is located in Wyre Forest Districy Council, Kidderminster Town Hall, Vicar Street, Kidderminster, DY10 1DB, Tel: 01562 732928
Conveyancing solicitors in Wolverley get official property when they are acting for a buyer, but which particular searches?
If you are taking out a mortgage a mortgage lender mandates a solicitor to get at least the following for Wolverley: Local Authority, Drainage Search (Con29DW or personal) and Environment Search and perhaps area-specific searches, like a Coal and Brine.