As a novice what is the most important advice you can impart concerning purchase conveyancing in Crawley Down?
Not many law firms or advisers will tell you this but conveyancing in Crawley Down or throughout West Sussex is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the ownership transfer. For example, the vendor, selling agent and on occasion a lender. Choosing a lawyer for your conveyancing in Crawley Down should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to look after your best interests and to protect you.
On occasion a potential adversary will attempt to sway you that it is in your interests to do things their way. As an example, the selling agent may claim to be helping by suggesting your conveyancer is wrong. Or your mortgage broker may tell you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the conveyancing process.
My husband and I are purchasing a newbuild flat in Crawley Down with a loan from Britannia.We have a Crawley Down conveyancing solicitor but Britannia informed us he's not listed on their "panel". we are left little option but to use a Britannia panel solicitor or retain our preferred solicitor and fork out for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its various provisions, one of which will be that solicitors will be on the Britannia approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Britannia
How does conveyancing in Crawley Down differ for new build properties?
Most buyers of new build premises in Crawley Down approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Crawley Down usually purchase 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 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 used to new build conveyancing in Crawley Down or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Crawley Down I like with a park and transport links in the vicinity, however it's only got 61 years on the lease. There is not much else in Crawley Down for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I need to retain a conveyancing solicitor for my conveyancing in Crawley Down. I happened to stumble across a site which looks to be the perfect solution If it is possible to get all the legals done via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
After what feels like an age I have had an offer on an apartment in Crawley Down agreed to, but there is a chain. The owners have submitted an offer on somewhere, however it’s not yet tied up, and has viewings of other apartments in the pipeline. I have instructed a local conveyancing solicitor in Crawley Down. What do I do now? At what point should I apply for the mortgage with Co-operative?
It is normal to have apprehensions where there is an associated chain given your reluctance to incur costs too early (mortgage application is approx £1k, then survey, Crawley Down conveyancing search costs, etc). First, you must ensure that your solicitor is on the Co-operative conveyancing panel. As to the subsequent phase this very much depends on the circumstances of your case, desire for this property and on the state of the market. During a rising market many buyers will apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they pay their conveyancer to press on with searches.