At what point will exchange of contracts occur in domestic conveyancing in Somerstown and am I required to be at the solicitors office?
Where you are round the corner to one of the conveyancing solicitors in Somerstown you are welcome to attend to sign documents. However, the firms we recommend offer countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the important part. Signing on the dotted line simply enables the conveyancer to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Somerstown)to be in the office at the appropriate time.
Can you clarify what the consequences are if my solicitor is removed from the RBS Conveyancing panel ahead of completing my conveyancing in Somerstown?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial property in Somerstown?
Its becoming the norm that commercial conveyancing solicitors in Somerstown will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Somerstown. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Somerstown.
For each commercial conveyancing transaction in Somerstown it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Somerstown commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Somerstown.
How does conveyancing in Somerstown differ for new build properties?
Most buyers of new build premises in Somerstown come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Somerstown tend to acquire 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 accustomed to new build conveyancing in Somerstown or who has acted in the same development.
I am using a search engine for the words conveyancing in Somerstown it brings up many conveyancersin the area. With so much choice what is the best way to find the right conveyancer for my move?
The ideal method of seeking a suitable conveyancer is via personal referral, so seek the guidance of friends and family who have bought a property in Somerstown or the respected estate agent or mortgage broker. Costs for conveyancing in Somerstown vary, so it's a good idea to secure a minimum of four quotes from varying types of law firms. Make sure that you clarify that the fees are fixed.