At what point can the exchange of contracts occur in residential conveyancing in New Invention and do I need to attend the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in New Invention you are invited in to sign the paperwork. However, the law practices we recommend offer countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you by post or email. The signing of the contract is not when everything is set in stone. A signed contract is necessary for the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in New Invention)to be in the office at the appropriate time.
My Solicitor in New Invention is not on the Yorkshire Building Society Approved Panel. Is it possible for me to retain my family solicitor even though they are excluded from the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your existing New Invention solicitors but Yorkshire Building Society will need to use a conveyancer on their panel. This will result in additional total legal fees and result in delays.
- Choose a new practitioner to act in the conveyancing, remembering to check they are Yorkshire Building Society approved.
- Try to convince your Yorkshire Building Society solicitor to seek to join the Yorkshire Building Society panel
three months have elapsed since my purchase conveyancing in New Invention concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 property 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 was recommended by numerous selling agents in New Invention to choose a solicitor using your seach tool. What’s the financial upside for Estate Agents to promote your services rather than another?
We refuse to give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Why can I not complete my conveyancing in New Invention on Easter Monday?
Because on completion the money needs to be transferred electronically between the banks of the buyer and seller's lawyer and at present this can only take place on a business day. It is not possible to complete on a weekend either.