At what point will exchange of contracts take place for sale conveyancing in Repton and do I need to be at the lawyers office?

Where you are local to one of the conveyancing solicitors in Repton you are invited in to sign contracts. However, the lender approved solicitors we recommend offer a nationwide conveyancing service and give just as detailed and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the critical part. Signing on the dotted line is just a prerequisite for the firm to officially exchange at the appropriate 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 play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Repton)to be in the office available at the end of the phone to exchange contracts.

Will commercial conveyancing searches disclose impending roadworks that may affect a commercial site in Repton?

Its becoming the norm that commercial conveyancing solicitors in Repton will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Repton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Repton.

For each commercial conveyancing transaction in Repton it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Repton commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Repton.

I moved into my house on 1 January and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Repton expressed confidence that it should be concluded in less than a month. Are properties in Repton particularly slow to register?

There is nothing unique when it comes to conveyancing in Repton registration formalities. Rather than based on location, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry need to notify any third persons or bodies. As of today roughly three quarters of such applications are fully dealt with within two weeks but occasionally there can be protracted hold-ups. Registration occurs once the purchaser is living at the property therefore 'speed' is not usually primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.

I'm buying a new build house in Repton benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not reveal to my conveyancer about the side-deal as it will affect my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Repton is where the house is located. Can you shed any light on this issue?

Flying freeholds in Repton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Repton you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Repton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.