I am not in a position to travel far from Wellesbourne. I would like to know the logic why all Wellesbourne lawyers are not on all mortgage company panels?
As unjust as it may appear for banks to restrict who can represent them, from the public’s or conveyancer’s perspective, the other side of the coin is that lenders are increasingly anxious and feel it necessary to shield themselves against illegal activities. As a result of this concern lenders have reduced their panel of approved conveyancing lawyers to a size that they are happy to control.
I am acquiring a property for cash in Wellesbourne. I have lived for the last 20 years in Wellesbourne. Conveyancing searches are exorbitant. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then almost all of the Wellesbourne conveyancing searches are optional. Your lawyer will 'advise', no-doubt strongly, that you should have searches done, but she is duty bound to take that path of guidance. One thing to consider; if you are going to dispose of the house in the future, it may be of importance to your future buyer what the searches determine. Sometimes houses with no practical issues can still throw up unfavourable search results. A competent conveyancing solicitor in Wellesbourne should provide you some practical guidance concerning this.
How does conveyancing in Wellesbourne differ for new build properties?
Most buyers of new build residence in Wellesbourne come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Wellesbourne typically 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 accustomed to new build conveyancing in Wellesbourne or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Wellesbourne in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to grant a loan on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wellesbourne. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are first time buyers - had an offer accepted, but the selling agent advised that the vendor will only proceed if we instruct their preferred conveyancers as they are insisting on a ‘quick sale’. We would rather use a family solicitor used to conveyancing in Wellesbourne
We suspect that the seller is not behind this request. If they desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Contact the owners directly and make sure they understand (a)you are motivated buyers (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Wellesbourne conveyancing lawyers - rather thanthose that will give the estate agent a introducer fee or achieve conveyancing targets set by HQ.
I have just started marketing my garden apartment in Wellesbourne.Conveyancing solicitors are to be appointed soon however I have recently received a yearly service charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal given that all rents and service payments will be allottedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process