The property market in Shortlands is hotting up. What can be done to hasten the conveyancing process?
In the event that the seller is applying time constraints for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will have local connections and knowledge. It is possible that they may have handled otherhomes in the same street. You would be best advised to use a Shortlands conveyancing lawyer. Second, be sure that the lawyer is on the lender panel. It is said that nearly one in five of Shortlands conveyancing deals are suspended or derailed after finding out that a purchaser’s lawyer was not on their banks panel. In many cases this discovery resulted in the transaction being frustrated by an average of 21 days. It is said that this issue impacts approximately 100,000 home moves every year. Almost all Shortlands conveyancing firms can not act for certain lenders so do check as early as possible.
When will exchange of contracts occur in purchase conveyancing in Shortlands and do I need to attend the lawyers branch?
Where you are near to one of the conveyancing solicitors in Shortlands you are invited in to sign documents. However, the law practices we work with offer a nationwide conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Shortlands)to be in the office at the appropriate time.
A colleague suggested that where I am buying in Shortlands I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Shortlands conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Shortlands around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shortlands Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Shortlands.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Shortlands is where the house is located. Can you shed any light on this issue?
Flying freeholds in Shortlands are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shortlands you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shortlands may decide 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 residence.
I am looking into buying my first house which is in Shortlands and I am already nervous. I couldn't find anything specific about Shortlands. Conveyancing will be needed in due course but do you know about the Shortlands area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shortlands. In the meantime here are some basic statistics that we found
We have today had an offer accepted on our first home in Shortlands, and are about to get solicitors appointed. We have made use of the various rating tools and the quotes are from all over the England and Wales. Is it advisable to have a Shortlands property lawyer local to your prospective house? We are happy to do everything electronically, but I assume at some point we may need to physically go into the solicitor's office to sign papers?
Usually there is no requirement to attend the office of your conveyancing practitioner, they can post any relevant documents to you, which you can sign and send back. Many buyers and sellers prefer to use a locally based solicitor, but it is not a prerequisite for conveyancing in Shortlands.