When does exchange of contracts happen for purchase conveyancing in Morden Park and do I need to attend the solicitors office?
If you are local to our conveyancing solicitors in Morden Park you are welcome to come in to sign the paperwork. That being said, the firms we work with supply countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not the point of no return. Signing on the dotted line simply enables the conveyancer to address the formalities 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 in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Morden Park)to be in the office at the appropriate time.
I have been told that property searches are the primary reason for stalling in Morden Park house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Morden Park.
How does conveyancing in Morden Park differ for new build properties?
Most buyers of new build or newly converted property in Morden Park come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Morden Park tend to buy 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 conveyancing solicitors 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 Morden Park or who has acted in the same development.