When can the exchange of contracts take place for purchase conveyancing in Sileby and am I required to be at the conveyancers branch?

Where you are local to one of the conveyancing solicitors in Sileby you are invited in to sign documents. However, the firms we work with supply a countrywide conveyancing service and give as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sileby)to be in the office at the appropriate time.

I am buying a terraced house in Sileby. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Sileby you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Sileby.

I'm in the throws of looking at flats in Sileby and I am now considering a potential offer. Is it sensible to have a solicitor on ‘stand by’? I intend to finance via a mortgage with Virgin Money.

You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are obtaining a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.

I recently had an offer accepted on a house in Sileby. My financial adviser recommended their conveyancers. I paid an upfront payment of £150. A couple of days later, the property lawyer called me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Clydesdale have agreed my mortgage in principle, my bid on a property in Sileby has been agreed to, now what?

The estate agent will want to be informed of your solicitor's details (ensure that the property lawyers are on the lender’s panel). Call up Clydesdale or the financial adviser and finalise any outstanding documentation. Clydesdale will appoint a valuer who will get in contact with the selling agent or owners to book an appointment. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Clydesdale will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Sileby.

All being well we will complete the sale of our £200,000 flat in Sileby next Monday. The management company has quoted £396 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Sileby?

Sileby conveyancing on leasehold maisonettes nine out of ten times involves fees being levied by freeholders :

Addressing conveyancing due diligence enquiries Where consent is required before sale in Sileby Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Sileby leasehold property is £350. For Sileby conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

I invested in buying a split level flat in Sileby, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Sileby with a long lease are worth £216,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2094

With only 69 years left to run the likely cost is going to range between £9,500 and £11,000 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

I'm purchasing a apartment in Sileby. I can find my conveyancer's company on the CLC list, but I can't find my conveyancer's name on the list. Should I be concerned?

Not all staff in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.