When does exchange of contracts happen for sale conveyancing in Feltwell and am I required to be at the solicitors branch?
Where you are round the corner to our conveyancing solicitors in Feltwell you are invited in to sign documents. That being said, the firms we recommend provide a nationwide conveyancing service and provide just as diligent and professional a job for you when dealing with you digitally. The signing of the contract is not the important part. A signed contract is necessary for the conveyancer to exchange contracts when the time is right, 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 long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Feltwell)to be in the office at the appropriate time.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Feltwell with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
3 months have gone by following my purchase conveyancing in Feltwell completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £245,000 and found one near me in Feltwell I like with amenity areas and transport links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Feltwell in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I'm converting the mortgage on my primary home to a buy to let mortgage with Skipton Building Society and I will use the ballance of the raised equity towards a second house. The area we are looking at is Feltwell. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Make use of our search tool on this site to check that the lawyers are on the relevant lender panels. Having checked that they are your lawyer will be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make apparent your desired outcome and requirements.