At what point does exchange of contracts take place for domestic conveyancing in Charterhouse and do I need to attend the solicitors office?
Where you are in close proximity to our conveyancing solicitors in Charterhouse you are welcome to come in to sign the paperwork. However, the law practices we work with provide a national conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the sale agreement is not the critical part. Signing on the dotted line is necessary for the conveyancer to officially exchange when the time is right, which is ordinarily 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 Charterhouse)to be in the office available at the end of the phone to exchange contracts.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Charterhouse. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/5/2021, the requirements read as follows :
I have been told that property searches are a common cause of obstruction in Charterhouse house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Charterhouse.
Are there restrictive covenants that are commonly picked up during conveyancing in Charterhouse?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Charterhouse. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Charterhouse is the location of the property. Can you offer any guidance?
Flying freeholds in Charterhouse are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Charterhouse you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Charterhouse 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 premises.
I have been recommended a conveyancing solicitor in Charterhouse. I I would like to check if they are on the bank's approved list of lawyers. Can you assist?
It’s a good idea phone your solicitor to enquire if they are on the lender's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the conveyancing panel we we can help find a specialist conveyancing solicitor in Charterhouse on the approved list for your mortgage company.