I am in a contract race with another prospective purchaser for a property in Longridge. What can I do to expedite matters?
Where you are under a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the area as they will make use of local connections and know-how. It is even conceivable that they could have handled previoushouses in the same street. Therefore consider using a Longridge conveyancing lawyer. In addition, be sure that the conveyancing firm is on the member panel. It is understood that nearly one in five of Longridge conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their banks panel. This can often result in the legal process being delayed by an average of 21 days. It is believed that this issue affects in the region of 100,000 home moves every year. Almost all Longridge conveyancing practices can not act for certain mortgage companies so do check at the outset.
When it comes to mortgage companies such as Virgin Money, do Longridge conveyancing practitioners incur a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all Longridge solicitors on the Santander conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be regulated by the SRA. Some banks do allow licenced conveyancers on their panel in which case such firms would be governed by the CLC.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Longridge building society branch on numerous occasions and was informed it wasn't a problem and they would lend. My Longridge conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the conveyancer is on the lender approved list, they must adhere to the CML Handbook conditions for the lender. 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I require expedited conveyancing in Longridge as I have an ultimatum to sign on the dotted line in less than 2 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you are at free not to do searches although no law firm would advise that you don't. With plenty of history conveyancing in Longridge the following are examples of what can arise and adversely impact future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
How does conveyancing in Longridge differ for newly converted properties?
Most buyers of new build premises in Longridge contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because builders in Longridge usually purchase 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 used to new build conveyancing in Longridge or who has acted in the same development.
My brother has recommend that I instruct his conveyancers in Longridge. Do I take his advice?
No doubt the ideal way to select a conveyancing practitioner is to seek referrals from friends or relatives who have actually previously instructed the firm you're are thinking of instructing.
It may have been a long time coming a loan agreement from a bank for the remortgage of my 3 bedroom garden flat is due imminently. Can you recommend a cheap remortgage conveyancing law firm in Longridge ?
You are on the wrong site if you are in need of the cheapest conveyancing solicitors in Longridge. Our aim is to provide excellent value conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing companies offering low cost conveyancing in Longridge.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in extras and still not receive the service required.