When will exchange of contracts occur in domestic conveyancing in Loughborough and do I need to be at the conveyancers office?
Where you are near to one of the conveyancing solicitors in Loughborough you are invited in to sign contracts. That being said, the law practices we recommend offer a nationwide conveyancing service and provide just as diligent and professional a job for you when dealing with you digitally. The executing of the purchase agreement is not the critical part. A signed contract simply enables the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Loughborough)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Loughborough differ for newly converted properties?
Most buyers of new build premises in Loughborough approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Loughborough tend to buy 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 conveyancers 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 Loughborough or who has acted in the same development.
I'm remortgaging my existing house to a buy to let mortgage with and intend to use the remaining equity towards another house. The area we are interested in is Loughborough. Will your conveyancers be able to act for the two banks and link together the two deals?
Do use our comparison tool on this page to ensure that the conveyancers are on the appropriate lender panels. Assuming that they are your lawyer should be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and needs.