My fiance and I are looking to acquire a house in Great Linford and have instructed a Great Linford conveyancing firm. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Nottingham Building Society have this afternoon contacted us to inform me that they have now hit a problem as our Great Linford solicitor is not on their conveyancing panel. Is this a problem?
Where you are buying a property requiring a mortgage it is standard for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Great Linford solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Have just purchased a probate house at auction in Great Linford. Conveyancing is needed. What is next?
Given that you are now legally bound yourself to purchase you now have to choose a conveyancing lawyer soon as you are facing a tight a drop dead date to complete the conveyancing. An auction property should have an associated legal pack. This should include most,if not all of the documents that your lawyer requires. Where you are dealing with leasehold premises the conveyancing pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should give this to the lawyer instructed by you as soon as possible. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
How can we know in advance if a Great Linford conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Great Linford obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your transaction.
I have decided to exercise my right to buy my property in Great Linford off the council. I have a mortgage agreed with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
Various online forums that I have frequented warn that are a common cause of stalling in Great Linford house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Great Linford.
How does conveyancing in Great Linford differ for new build properties?
Most buyers of new build residence in Great Linford approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in Great Linford 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 accustomed to new build conveyancing in Great Linford or who has acted in the same development.
Taking into account that I am about to part with £400,000 on a property in Great Linford I wish to have a conversation with the conveyancer concerning theconveyancing ahead of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your conveyancing in Great Linford.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Great Linford should be the figure that you end up paying.
In surfing the internet for the words cheap conveyancing in Great Linford it shows results of many conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The best way of finding a suitable conveyancer is via trusted recommendation, so seek the guidance of colleagues and family who have bought a property in Great Linford or the reputable estate agent or financial adviser. Charges for conveyancing in Great Linford differ, so it's advisable to obtain a minimum of four quotes from varying types of companies. Dont forget to clarify that the fees are fixed.