When can the exchange of contracts happen for domestic conveyancing in Raunds and am I required to be at the conveyancers branch?
Where you are round the corner to our conveyancing solicitors in Raunds you are welcome to attend to sign contracts. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you by post or email. The executing of the contract is not the critical part. A signed contract is just a prerequisite for the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Raunds)to be in the office available at the end of the phone to exchange contracts.
The Raunds conveyancing firm that I appointed last week on my house acquisition in Raunds have without warning closed. I chose them because I needed a firm on the Yorkshire BS conveyancing panel and my previous Raunds lawyer was not. I sent them a cheque for two hundred pounds in advance. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
I am close to exchanging contracts on the sale of our house in Raunds and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Raunds conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a web based conveyancing firm rather than a conveyancing solicitor in Raunds. We have lived in Raunds for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of 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 life insurance to cover that same ailment)
How does conveyancing in Raunds differ for new build properties?
Most buyers of new build residence in Raunds come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Raunds tend to purchase the real estate, 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 Raunds or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Raunds I like with a park and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Raunds suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.