At what point can the exchange of contracts happen for residential conveyancing in Old Ford and do I need to attend the lawyers branch?

If you are round the corner to one of the conveyancing solicitors in Old Ford you are invited in to sign the paperwork. That being said, the law practices we recommend offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the property agreement is not when everything is set in stone. A signed contract simply enables the firm to address the formalities at the appropriate 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 Old Ford)to be in the office at the appropriate time.

My bid for a property was accepted at auction in Old Ford. Conveyancing is needed. What is next?

Now that you have legally bound yourself to purchase you should find a conveyancing practitioner soon as you are faced with a pending deadline in which to complete the deal. Every auction property should have a corresponding legal pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You should give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in order to complete on the date specified in the contract.

When it comes to lenders such as Lloyds, do Old Ford conveyancers have to pay a yearly amount to be on the list of approved solicitors?

We are not aware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

Can you point me to a directory of UBS panel conveyancers in Old Ford on the Building Society Association’s Website?

No. There is no such facility on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable over the internet. Where you are seeking to appoint a Old Ford conveyancer on the UBS please use our tool.

Should our lawyer be raising enquiries regarding flooding during the conveyancing in Old Ford.

The risk of flooding is if increasing concern for conveyancers dealing with homes in Old Ford. There are those who acquire a property in Old Ford, fully aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Lawyers are not qualified to give advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or by their conveyancers which will figure out the risks in Old Ford. The conventional set of information supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to determine if the property has suffered from flooding. In the event that the premises has been flooded in past and is not revealed by the owner, then a purchaser could issue a claim for damages as a result of such an inaccurate response. The purchaser’s lawyers will also conduct an environmental report. This should indicate if there is a recorded flood risk. If so, more detailed investigations should be made.

I have justbecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Old Ford for a purchase of a leasehold flat 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?

The quickest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Old Ford conveyancing specialists.

I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Old Ford is where the house is located. Can you offer any advice?

Flying freeholds in Old Ford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Old Ford you would need to get your solicitor to go 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 Old Ford 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 property.