We're in Watchet, FTBs buying with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various online forums that I have frequented warn that are the number one cause of obstruction in Watchet house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Watchet.
Are there restrictive covenants that are commonly identified during conveyancing in Watchet?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Watchet. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Watchet differ for new build properties?
Most buyers of new build premises in Watchet approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Watchet usually buy 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 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 Watchet or who has acted in the same development.
Is it possible to swap conveyancer as I need to retain one who is on the Norwich and Peterborough Building Society conveyancing panel. I was using a family conveyancing solicitor in Watchet five minutes from me but he is not accepted by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Watchet on the Norwich and Peterborough Building Society panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Watchet. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Watchet.
Can you offer any advice when it comes to appointing a Watchet conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Watchet conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Watchet conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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Can they put you in touch with clients in Watchet who can give a testimonial? If they are not ALEP accredited then what is the reason?
Watchet Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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Be sure to discover if there is anything that is prohibited in the lease. For instance some leases prohibit pets being permitted in certain buildings in Watchet. If you love the flatin Watchet but your cat can’t move with you then you will be presented with a difficult choice. Is there a share of the freehold? It would be sensible to discover as much as you can regarding the managing agents as they will either make living at the property much easier or uncomfortable. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the communal areas. You should not be afraid to ask other tenants if they are happy with their management. In conclusion, be sure you discover the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes.