compare cheap conveyancing quotes for shepton mallet property
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Conveyancing Quotation - For the sale of your property
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SALE of
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PURCHASE SOMEONE ELSE’S PROPERTY then please
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Can a solicitor help in negative equity situations
Most solicitors are also financially adept and can offer useful advice if you find yourself in a bad financial position due to negative equity in your present home.
A solicitor can negotiate on your behalf with the lender to avoid the prospect of repossession which is an undesired outcome for any mortgage company. In certain circumstances it may be possible to achieve a lower settlement amount on your existing property which may result in the proceeds from the sale being able to meet the outstanding mortgage balance.
What happens during the ‘Exchange of Contracts’ ?
Exchange of contracts (EoC) is the point of the legal process where a binding obligation on both parties is created - for the Seller to sell and the Buyer to buy the property.
At any time up until the EoC point, either party could withdraw from the process without any penalty other than monies they have spent on surveys, mortgage application fees and similar costs....
At EoC stage a completion date is normally mutually agreed when the transfer can and will be finalised.
On the day of completion the monies are transferred between the parties and, the keys to the purchased property are handed over to the buyer.
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shepton mallet solicitors
Important: Not all of these solicitors provide conveyancing services. We advise that you request instant quotations from our panel using the form at the top of this page.
Bartlett Gooding & Weelan
57 High Street, Shepton Mallet, Somerset, BA4 5AQ
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