When will exchange of contracts occur in residential conveyancing in Burnham On Sea and do I need to attend the conveyancers office?

Where you are in close proximity to our conveyancing solicitors in Burnham On Sea you are welcome to come in to sign contracts. That being said, the lender approved solicitors we work with provide a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The signing of the sale agreement is not the point of no return. A signed contract simply enables 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 Burnham On Sea)to be in the office at the appropriate time.

I am buying a semi-detached house in Burnham On Sea. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Burnham On Sea you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Burnham On Sea.

The deeds to our property are lost. The solicitors who dealt with the conveyancing in Burnham On Sea 10 years ago have long since closed. What are my next steps?

As long as you have a registered title the details of your ownership will be documented by the Land Registry with a Title Number. It is possible to conduct a search at the Land Registry, find your property and obtain up to date copies of the property title for a small fee. If the title is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.

I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Burnham On Sea is where the house is located. Is there any guidance you can give?

Flying freeholds in Burnham On Sea are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burnham On Sea you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnham On Sea 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 property.

I have finally had an offer on an apartment in Burnham On Sea accepted, but there is a chain. The owners have submitted an offer on a flat, but it’s not yet tied up, and are looking at other apartments booked. I have selected a nearby conveyancing lawyer in Burnham On Sea. What do I do now? When should I get the mortgage application with Santander going with Santander?

It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Burnham On Sea conveyancing search charges, etc). First, you must check that your conveyancer is on the Santander approved list. Regarding the subsequent stages this very much dictated by the specifics of your case, desire for the property and on the state of the market. In a rising market many purchasers would apply for a home loan with Santander and arrange for the survey and only if it was satisfactory would they pay their conveyancing practitioner to proceed with the conveyancing in Burnham On Sea.