At what point does exchange of contracts occur in residential conveyancing in Poundbury and do I need to attend the solicitors branch?
If you are round the corner to our conveyancing solicitors in Poundbury you are invited in to sign contracts. That being said, the law practices we work with supply a national conveyancing service and give just as detailed and professional a job for you when dealing with you electronically. The executing of the contract is not the point of no return. Signing on the dotted line simply enables the firm to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Poundbury)to be in the office available at the end of the phone to exchange contracts.
I decided to have a survey done on a property in Poundbury ahead of appointing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks will not issue a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Poundbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Poundbury to see if the conveyancing costs will increase in light of this.
Given that I will soon spend hundreds of thousands of pounds on a garden flat in Poundbury I would like to have a conversation with the lawyer regarding theconveyancing ahead of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Poundbury.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Poundbury should be the amount on the final invoice that you end up paying.
My uncle has suggested that I instruct his conveyancing solicitors in Poundbury. Do I follow his recommendation?
No doubt the best way to choose a conveyancing practitioner is to get referrals from friends or relatives who have actually experience in using the solicitor that you are contemplating using.
I have just appointed agents to market my ground floor flat in Poundbury. Conveyancing lawyers have not yet been instructed, but I have just had a quarterly maintenance charge demand – what should I do?
The sensible thing to do is discharge the service charge as usual as all rents and service charges will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a 1st floor flat in Poundbury, conveyancing having been completed 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Poundbury with a long lease are worth £192,000. The ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2078
You have 54 years left to run we estimate the premium for your lease extension to range between £32,300 and £37,400 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Our solicitor in Poundbury has requested from me identification documents asserting that this is part of his obligations as a solicitor on the mortgage company Solicitor panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not specific to conveyancing in Poundbury