When will exchange of contracts occur in domestic conveyancing in Northampton and do I need to be at the conveyancers office?
Where you are round the corner to our conveyancing solicitors in Northampton you are invited in to sign the paperwork. However, the law practices we recommend supply a countrywide conveyancing service and provide just as diligent and professional a job for you when dealing with you digitally. The executing of the contract is not the important part. A signed contract is just a prerequisite for the firm to officially exchange at the suitable time, which will usually be very shortly after signing. The exchange process 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 Northampton)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Northampton differ for newly converted properties?
Most buyers of new build property in Northampton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Northampton usually 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 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 Northampton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a quick, no chain conveyancing. Northampton is the location of the property. Can you offer any advice?
Flying freeholds in Northampton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Northampton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northampton may decide 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 premises.
I'm converting the mortgage on my current house to a BTL mortgage with Alliance & Leicester and intend to use the remaining equity as a down payment on further house. The neighborhood we are looking at is Northampton. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are the solicitor will be able to tie up the two transactions but you should talk with you solicitor and communicate your expectations and needs.
I am buying a leasehold apartment in Northampton. Conveyancing estimates are coming in at around £1800. Does that seem right?
The average fee in 2014 for conveyancing in Northampton was just under one thousand five hundred pounds not including Land Tax and Land Registry charges.