Would the conveyancing practitioners listed on your site conduct auction conveyancing in Motspur Park?
We know of a number of auction lawyers we can put you in touch with those who can conduct auction conveyancing. Motspur Park is just one of our areas of in which our lawyers have offices.
I have been recommended a conveyancing solicitor in Motspur Park. I I am struggling to find out if they are on the HSBC Bank approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should contact your lawyer and enquire whether they can act for the lender. Otherwise you can get in touch with HSBC Bank who may be able to confirm.
My wife and I are purchasing a apartment in Motspur Park. I might seem paranoid but how we can trust a lawyer? On completion day we have to deposit money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have a mortgage agreed in principle with HSBC. Motspur Park conveyancing solicitors were selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC conducted the survey? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We expect to receive a AIP from Virgin Money this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Virgin Money recommend any Motspur Park solicitors on the Virgin Money conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Motspur Park solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I have been told that property searches are the primary reason for hinderance in Motspur Park conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Motspur Park.
How does conveyancing in Motspur Park differ for newly converted properties?
Most buyers of new build or newly converted property in Motspur Park contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Motspur Park usually purchase the site, 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 used to new build conveyancing in Motspur Park or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Motspur Park prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may refuse to grant a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Motspur Park. Conveyancing may be slightly more expensive based on your lender's requirements.