At what point can the exchange of contracts take place for sale conveyancing in Eel Pie Island and do I need to attend the solicitors office?
Where you are in close proximity to one of the conveyancing solicitors in Eel Pie Island you are welcome to attend to sign the paperwork. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide just as detailed and professional a job for you when dealing with you by post or email. The executing of the property agreement is not the point of no return. A signed contract is just a prerequisite for the conveyancer to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Eel Pie Island)to be in the office available at the end of the phone to exchange contracts.
I am downsizing from our house in Eel Pie Island and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers are using a factory type conveyancing practice rather than a conveyancing solicitor in Eel Pie Island. We have lived in Eel Pie Island for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Eel Pie Island differ for new build properties?
Most buyers of new build property in Eel Pie Island contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Eel Pie Island typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Eel Pie Island or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Eel Pie Island prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not grant a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eel Pie Island. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eel Pie Island to see if the conveyancing costs will increase in light of this.
I would be grateful if you would clarify what options are available to me if my Eel Pie Island conveyancing searches shows adverse entries?
Normally, most issues that arise in Eel Pie Island conveyancing search responses can be addressed in advance of completion or title insurance can be taken. It is important to note that even though you intend on buying the property and might be willing to accept the search results, your lender may not, and when all said and done the decision rests with them.