When will exchange of contracts happen for sale conveyancing in Eye and am I required to be at the conveyancers branch?
If you are round the corner to one of the conveyancing solicitors in Eye you are invited in to sign contracts. However, the firms we work with supply countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the important part. Signing on the dotted line is necessary for the firm to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Eye)to be in the office at the appropriate time.
We wanted to use a property lawyer in Eye for our home move. Our financial adviser informed us that our bank Leeds Building Society won't deal with them. Why is this not regarded as unfair competition?
Banks tend to imposes restrictions either the type or the volume of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a law practice must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. Be aware that Leeds Building Society have no responsibility for the quality of advice provided by any member of Leeds Building Society Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there remains mixed views regarding the extent of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that hundreds of law firms, including some in or near Eye only conduct one or two conveyances per annum.
How does conveyancing in Eye differ for new build properties?
Most buyers of new build premises in Eye approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because developers in Eye usually purchase 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 Eye or who has acted in the same development.
I was recommended by two or three local selling agents in Eye to select a solicitor using your seach tool. What’s the financial inducement for Estate Agents to promote your services over and above a competitor’s?
We don’t offer any referral fee for directing people in our direction. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My brother has suggested that I use his conveyancers in Eye. Do I take his recommendation?
Much as we are happy to recommend a Eye conveyancing lawyer it’s preferable to select a conveyancing lawyer is to have feedback from friends or family who have used the firm you're contemplating using.