For a fast completion to buy a £ 721,000 property, what should we do?
Instructing a experienced conveyancing solicitor is the key to moving faster. When identifying an appropriate a conveyancing solicitor, consider these questions: Do they order searches immediately? Was there a delay delivering a quote? Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed.
My mortgage lender will be Barnsley Building Society - what do I need to be aware of?
Traditionally, solicitors could carry out mortgage-related work for most lenders. Some lenders have reduced their 'solicitor panel', which may result in higher conveyancing costs for purchasers. We, however, can act for many lenders so that the buyer will not have to pay your lender's conveyancing fees.
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.
Are 'conveyancing searches' significant?
Searches are a standardised bundle of questions ordered on behalf of the party intending to buy the property, such as a lead mining search. These searches cover solely issues and defects relating to the property's legal title.
Do I have to be present at viewings?
No, you don’t. It used to be the case that estate agencies were happy to leave the homeowner to show prospective buyers around. However, this has now been dispensed with because they won’t necessarily have the property skills and experience of dealing with and selling to a buyer. Therefore, the preference is usually that you should not be present in the home at all, although this can obviously be difficult with infirmity, working from home, and childcare.
The best option is to discuss this with the estate agent when you appoint them, so that you are aware of their expectations for each viewing, and they will be able to work around you if you have to be present in the home. Whether you are present or not, you should still take care not to be too messy and tidy up as much as possible prior to the viewing appointment, so that good impressions are maintained.
Our fixed fees and the 'No Completion, No Fee' guarantee alongside our results-focused solicitors mean that Homeward Legal is your best choice for the conveyancing. Find out more on 0800 038 6699.
In relation to the serious flooding in Leeds we are concerned that environmental searches aren't sufficient?
The Yorkshire Dales property solicitor will suggest that you also get conveyancing searches if the first conveyancing searches spots a significant risk the local Yorkshire Dales flood risk
Sometimes property buyers to speak to a neighbour for some further information.