I plan on buying a leasehold flat in Little Haven. My property lawyer is not on the bank approved list. Is it possible for me to retain my Little Haven conveyancing solicitor even though they are not on the mortgage company panel of approved conveyancing solicitors?
Various options include
- Complete the purchase with your preferred Little Haven solicitor but your mortgage company will no doubt appoint a property lawyer from their approved panel. The net result is additional fees together with potential delay.
- Choose a new lawyer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your conveyancer to apply to join the bank panel
I have given 8 weeks notice to my existing landlord and must leave my let out apartment in Little Haven by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. If you have not already done so, update to your lawyer and request that they apply pressure on the sellers solicitors, try to a target completion date that everyone will look towards
How does conveyancing in Little Haven differ for newly converted properties?
Most buyers of new build residence in Little Haven come to 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 Little Haven typically acquire 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 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 Haven or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Little Haven is the location of the property. What do you suggest?
Flying freeholds in Little Haven are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Little Haven you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Little Haven may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're first time buyers - had an offer accepted, but the property agent advised that the seller will only proceed if we appoint the agent's preferred conveyancers as they are insisting on a ‘quick sale’. We would rather use a local solicitor who is accustomed to conveyancing in Little Haven
We suspect that the owner is not behind this demand. Should the vendor desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Little Haven conveyancing firm - not the ones that will earn their estate agent a kickback or achieve conveyancing targets demanded by HQ.
What is the reason for new build conveyancing in Little Haven being more expensive?
Purchasing a brand new premises is significantly different from the standard house purchase conveyancing in Little Haven. Firstly developers ordinarily demand contracts to exchange very quickly, so there is a lot of pressure on your conveyancing practitioner to make sure all is in order. Furthermore new build premises often necessitate the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage lender obligations are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.