When can the exchange of contracts happen for purchase conveyancing in Old Colwyn and do I need to be at the conveyancers branch?

If you are local to our conveyancing solicitors in Old Colwyn you are welcome to attend to sign documents. That being said, the lender approved solicitors we work with provide countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you digitally. The signing of the property agreement is not the critical part. A signed contract simply enables the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Old Colwyn)to be in the office at the appropriate time.

My colleague advised me that where I am buying in Old Colwyn I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually included in the estimate for your Old Colwyn conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Old Colwyn around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Old Colwyn Education with plans and statistics, Local Amenities and other useful data about Old Colwyn.

I'm buying a new build house in Old Colwyn benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of extras instead. The sale representative advised me not to tell my solicitor about this deal as it will affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I decided to have a survey carried out on a house in Old Colwyn in advance of appointing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some mortgage companies may not grant a loan on a flying freehold home.

It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Old Colwyn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Old Colwyn to see if the conveyancing costs will increase in light of this.

My husband and I are first time buyers - had an offer accepted, but the agent advised that the seller will only move forward if we appoint the agent's recommended solicitors as they need a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Old Colwyn

It is improbable the owners are driving this. Should the vendor desire ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Old Colwyn conveyancing firm - not the ones that will provide the negotiator at the agency a kickback or hit his conveyancing figures pre-set by senior management.