I am in need of a property lawyer. Do I opt for an internet conveyancer as opposed to a high street Little Hampton conveyancing lawyer?
Existing third party relationships is an important consideration when choosing conveyancing lawyers. Little Hampton law firms often have connections with financial advisers and property, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting a sound insight into the local area is also a plus .
Having sold my house in Little Hampton last December yet the purchaser is texting me to moan that her conveyancer is waiting to hear from mine. What should have happened following completion?
After completion of your disposal your solicitor is committed to send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor should also evidence that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion formalities specific conveyancing in Little Hampton.
My conveyancer has informed me that flying freehold insurance is necessary on my purchase. What is the level of cover for Little Hampton conveyancing?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Barclays and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such insurances.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Little Hampton bank branch on various occasions and was informed it wasn't a problem and they would lend. My Little Hampton conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. Who do I believe?
The property lawyer must comply with the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After weeks of negotiation I have agreed a price on a house in Little Hampton. My financial adviser suggested a conveyancing practitioner. I paid an on account payment of £175. Soon after, the lawyer contacted me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are the number one cause of delay in Little Hampton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Little Hampton.
How does conveyancing in Little Hampton differ for newly converted properties?
Most buyers of new build or newly converted property in Little Hampton contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Little Hampton tend to buy the real estate, 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 property lawyers 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 Little Hampton or who has acted in the same development.
My cousin has suggested that I instruct his lawyers for conveyancing in Little Hampton. Should I choose my own conveyancer?
Much as we are happy to recommend a Little Hampton conveyancing lawyer the best way to choose a conveyancing solicitor is to have feedback from friends or relatives who have used the firm that you are contemplating using.