At what point does exchange of contracts occur in residential conveyancing in Stockbridge and am I required to be at the conveyancers office?

If you are in close proximity to one of the conveyancing solicitors in Stockbridge you are invited in to sign contracts. That being said, the lender approved solicitors we work with offer countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the critical part. A signed contract is just a prerequisite for the firm to address the formalities 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 a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Stockbridge)to be in the office available at the end of the phone to exchange contracts.

My business partner and I are looking to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering competitive charges for non-domestic conveyancing in Stockbridge for less than 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Stockbridge, including the disposal and acquisition of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or call us so that we can provide you with a detailed commercial conveyancing quote.

My father has encouraged me to instruct his conveyancers in Stockbridge. Do I take his guidance?

No doubt the ideal way to select a conveyancing practitioner is to seek recommendations from friends or family who have experience in using the conveyancer that you are contemplating using.

I am looking at a two flats in Stockbridge which have approximately fifty years left on the leases. Will this present a problem?

A lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this field.

Leasehold Conveyancing in Stockbridge - Sample of Questions you should consider Prior to Purchasing

You will want to find out as much as possible about the managing agents as they can either make your living at the property much simpler or problematic. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to day to day matters like the cleanliness of the communal areas. Don't be afraid to ask other people if they are happy with their management. In conclusion, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what you get for your money. This information is helpful as a) areas could cause problems in the block as the common areas may start to deteriorate if services remain unpaid b) if the leaseholders have a dispute with the managing agents you will wish to have full disclosure It is important to be aware whether window replacement or some other significant cost is due in the foreseeable future that will be shared amongst the leasehold owners and will materially impact the level of the maintenance fees or result in a specific payment.

My partner and I are purchasing a 2 bedroom flat in Stockbridge. At the point of instructing our lawyer, they told us that they were on all major UK mortgage company panels. Our mortgage broker called yesterday to advise that they are not on the Virgin Money approved list. Should that be true, what should we do? Do we simply pick a different conveyancing practitioner that is on their approved list or should we pay for dual representation, with Virgin Money appointing their own preferred conveyancing practitioner.

When buying a property with mortgage finance it is standard for the purchaser’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancer has to fulfill. Some banks now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancer should call Virgin Money to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Virgin Money's conveyancing panel as you are at liberty to use your preferred Stockbridge lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.