We're in Haydon Bridge, FTBs purchasing with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various internet forums that I have visited warn that are the number one cause of delay in Haydon Bridge conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Haydon Bridge.
Just acquired a terraced house in Haydon Bridge , What is the estimated time for the Land Registry to record the transfer to my name? My Haydon Bridge conveyancing solicitor has been painfully slow, so I want to check the land registry aspects are dealt with.
There is nothing unique when it comes to conveyancing in Haydon Bridge registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any interested parties. At present roughly three quarters of such applications are completed in less than three weeks but occasionally there can be extensive delays. Registration occurs once the new owner is living at the premises thus an expedited registration is not always top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
I decided to have a survey done on a property in Haydon Bridge in advance of appointing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some lenders tend not give a loan on this type of house.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Haydon Bridge. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I will soon spend hundreds of thousands of pounds on a property in Haydon Bridge I would like to have a conversation with the conveyancer concerning thehome move before giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor due to be conducting your conveyancing in Haydon Bridge.There is no ‘factory style conveyancing’ - each client is an important person, not a file reference. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Haydon Bridge should be the figure that you are charged.
Me and my partner are expecting to complete on the purchase a property in Haydon Bridge but as a result of damage from the recent storms I have negotiated reparation from the owner of £3k in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process however my lender will not agree to this. Why were they involved?
Your lawyer that is on a lender approved list is required to disclose to the mortgage company of any variations to the sale figure. In the event that you prohibit your lawyer to notify the reduction to your mortgage company then they would have no choice but to disinstructing themselves from acting for you and the bank.