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.
Will my conveyancing include any hidden fees?
Unfortunately, buyer should read the terms of their conveyancing quote careful to identify any hidden fees. Our solicitors never charge any hidden extra fees. Some solicitors only estimate conveyancing costs, meaning that your final bill could be much higher.
What searches will a solicitor in Y Felinheli carry out when carrying out the conveyancing for a Y Felinheli house?
Standard procedure is to get Local Authority Search, Drainage and Water Search (CON29DW or personal), Environment Search and Coal Mining Search and, depending on certain criteria, special local Y Felinheli searches for example Development reports.
Will my Y Felinheli property lawyer report on the risk of a flood to properties in Y Felinheli for a Sixties property I am purchasing?
A qualified property conveyancer applies for standard formal conveyancing and environmental searches, which include Y Felinheli flood risk area information. Furthermore the conveyancing solicitor in Y Felinheli will typically advocate a significantly more specialist flood risk search.
Which local authority looks after Y Felinheli?
Y Felinheli is located in Gwynedd County Council, Council Offices, Shirehall Street, Caernarfon, Gwynedd, LL55 1SH, Call: 01766 771 000
At what point is it wise to find a conveyancing solicitor?
The short answer is, the earlier, the better, as there are several tasks which may be performed very early in the process. Some suggest holding off instruction until a chain is completed, but delays can risk the other side pulling out, particularly in uncertain market conditions.
Is the SDLT fee a disbursement or fee?
Fees and disbursements ought to be identified on your conveyancing quote. This charge is a fee not a disbursement. It should be included in a conveyancing quote.
Is molybdenum contamination found in Y Felinheli soil?
Y Felinheli's local area has a history of contamination from industrial or agricultural, like much of the UK. Also considering issues such as water contaminants such as petrol, contaminants affecting Y Felinheli property will be factored into an environmental search.