The sellers of the house we are hoping to buy are using a conveyancing solicitor in Woodbury who has suggested a exclusivity contract with a payment two thousand pounds. Are such agreements generally advanced for Woodbury conveyancing transactions?
Exclusivity contracts are contracts between a property seller and purchaser giving the buyer the sole right to purchase the premises within a prescribed time frame. Essentially, an exclusivity is a document stating that you will have a contract at a later date being the contract for the actual sale. It tends to be utilised for buyer confidence though in some cases, the proprietor may enjoy an upside from such agreements as well. There are numerous positives and negatives to having them but you need to check with your conveyancer but note that it may end up incurring more in conveyancing fees. For these reasons these contracts are avoided in relation to conveyancing in Woodbury.
How up to date is your database of Woodbury solicitors on the Nottingham conveyancing panel? Do Nottingham send you an updated list?
Woodbury conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Skipton Conveyancing panel ahead of completing my conveyancing in Woodbury?
First, this is very unlikely to happen. 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 at a cost.
I got the keys to my house on 14 June and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Woodbury expressed confidence that it will be registered inside ten days. Are transfers in Woodbury particularly slow to register?
As far as conveyancing in Woodbury is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry have to notify any interested parties. At present roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs once the new owner is living at the property therefore an expedited registration is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
How does conveyancing in Woodbury differ for new build properties?
Most buyers of new build residence in Woodbury come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Woodbury tend to purchase the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Woodbury or who has acted in the same development.
Is it possible to swap solicitor as I need to appoint a firm on the Norwich and Peterborough Building Society conveyancing panel. I instructed a local conveyancing solicitor in Woodbury round the corner but she is not accepted by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Woodbury on the Norwich and Peterborough Building Society panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Woodbury. In making use of search facility on this website, you can compare charges for conveyancing solicitors in Woodbury and beyond.