When will exchange of contracts take place for purchase conveyancing in Wellesbourne and am I required to be at the lawyers branch?

If you are near to one of the conveyancing solicitors in Wellesbourne you are welcome to come in to sign the paperwork. That being said, the law practices we work with offer a nationwide conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The signing of the contract is not the point of no return. A signed contract is just a prerequisite for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wellesbourne)to be in the office at the appropriate time.

This question may be naive but I am unseasoned as a first time purchaser of a ground floor flat in Wellesbourne. Do I receive the keys to the house on the completion date from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Wellesbourne?

On the day of completion you will not be required to go to the conveyancers office in Wellesbourne. Conveyancing lawyers for you will transfer the purchase money to the seller's solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.

My aunt advised me that in purchasing a property in Wellesbourne there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?

We are aware of a number of properties in Wellesbourne which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Wellesbourne should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Coventry BS have agreed my mortgage in principle, my offer on a apartment in Wellesbourne has been accepted, now what?

Your property agent will want to know who your solicitors are (make sure the lawyers are on the bank’s panel). Telephone Coventry BS or your broker and finalise any appropriate paperwork. Coventry BS will appoint a valuer who will get in touch with the estate agent or seller to book a time for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days to receive the mortgage offer. Coventry BS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Wellesbourne.

Due to the guidance of my in-laws I had a survey completed on a property in Wellesbourne prior to retaining solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some banks may refuse to grant a loan on a flying freehold house.

It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wellesbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wellesbourne to see if the conveyancing costs will increase in light of this.

My partner has suggested that I use his conveyancers in Wellesbourne. Should I choose my own property lawyer?

There are no two ways about it it’s preferable to choose a conveyancing practitioner is to get feedback from friends or relatives who have actually used the firm you're are thinking of instructing.

I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable price which is making it more attractive. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a leasehold house in Wellesbourne. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Wellesbourne ?

The majority of houses in Wellesbourne are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Wellesbourne so you should seriously consider shopping around for a Wellesbourne conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor should report to you on the legal implications.

Wellesbourne Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing

Its a good idea to find out as much as you can about the company managing the block as they can either make your life much easier or uncomfortable. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the tidiness of the common parts. You should not be afraid to ask other tenants what they think of them. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes. What is the annual service fee and ground rent? How many years remain on the lease?