When will exchange of contracts take place for residential conveyancing in Buckingham and am I required to attend the conveyancers office?
If you are near to our conveyancing solicitors in Buckingham you are welcome to come in to sign documents. That being said, the law practices we recommend offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not the important part. 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 in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Buckingham)to be in the office available at the end of the phone to exchange contracts.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Skipton Solicitor panel ahead of completing my conveyancing in Buckingham?
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 for a fee.
It has been five months following my purchase conveyancing in Buckingham completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Buckingham is the location of the property. What do you suggest?
Flying freeholds in Buckingham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Buckingham you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Buckingham 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.
I have been advised by a number of selling agents in Buckingham to get a quote from a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to market your services over and above alternative conveyancing organisations?
We refuse to make any financial incentive for sending work to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Should I go with a Buckingham conveyancing solicitor based in the area that I am buying? We have a good friend who can execute the legal formalities however her office is a couple of hundredkilometers drive away.
The benefit of a local Buckingham conveyancing practice is that you can drop in to sign documents, hand in your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that should outweigh using an unfamiliar Buckingham conveyancing lawyer just because they are Buckingham based.