At what point does exchange of contracts take place for purchase conveyancing in Chipping Barnet and am I required to be at the lawyers office?
Where you are in close proximity to one of the conveyancing solicitors in Chipping Barnet you are welcome to come in to sign documents. However, the lender approved solicitors we work with offer a national conveyancing service and give just as diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the solicitor 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 lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chipping Barnet)to be in the office available at the end of the phone to exchange contracts.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial premises in Chipping Barnet?
Its becoming the norm that commercial conveyancing solicitors in Chipping Barnet will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Chipping Barnet. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chipping Barnet.
For every commercial conveyancing transaction in Chipping Barnet it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Chipping Barnet commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Chipping Barnet.
It has been 4 months since my purchase conveyancing in Chipping Barnet completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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.
How does conveyancing in Chipping Barnet differ for new build properties?
Most buyers of new build premises in Chipping Barnet come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Chipping Barnet usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chipping Barnet or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Chipping Barnet in advance of appointing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may refuse to give a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chipping Barnet. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chipping Barnet to see if the conveyancing costs will increase in light of this.
Is it simple use your search tool to get a quote from a conveyancing lawyer in Chipping Barnet on the panel for my lender?
Step one is to select a lender such as Nationwide Building Society, Coventry Building Society or Britannia then specify your preferred area for instance Chipping Barnet. Conveyancing practices in Chipping Barnet and nationally will then be identified.