Can the conveyancing solicitors via your comparison service handle conveyancing in Cheltenham by way of an attended exchange?
We do have a number of conveyancing experts carrying out one day exchanges. You should e-mail us to obtain a conveyancing quote and details as to availability.
When will exchange of contracts happen for domestic conveyancing in Cheltenham and do I need to attend the lawyers branch?
Where you are local to our conveyancing solicitors in Cheltenham you are welcome to attend to sign the paperwork. However, the firms we recommend offer countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you by post or email. The executing of the sale agreement is not the important part. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cheltenham)to be in the office available at the end of the phone to exchange contracts.
My property lawyer in Cheltenham is not on the Alliance & Leicester Conveyancing Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Alliance & Leicester panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your existing Cheltenham lawyers but Alliance & Leicester will need to retain a solicitor on their panel. This will result in additional total legal charges and result in frustration.
- Choose an alternative lawyer to act in the conveyancing, obviously checking they are Persuade your solicitor to do everything within their powers to join the Alliance & Leicester conveyancing panel
I am purchasing my first flat in Cheltenham with a mortgage from Norwich and Peterborough Building Society. The sellers would not move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not reveal to my solicitor about this deal as it could put at risk my loan with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Cheltenham cover?
Commercial conveyancing in Cheltenham incorporates a wide array of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I have miscalculated my finances and am a couple of grand short a 10% deposit on my apartment purchase in Cheltenham , but I am anxious exchange. Do I have options?
One option is to try and agree a lower deposit. Many sellers will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second