I am in a contract race with another buyer for a property in Willesden. What can I do to hasten the buying process?
In the event that you are under time constraints to complete we would recommend that your lawyer is familiar with the location as they will have local contacts and knowledge. It is even conceivable that they would have conducted previoushomes in the same street. You would be best advised to use a Willesden conveyancing solicitor. In addition, double check that the lawyer is on the lender panel. It is believed that nearly one in five of Willesden conveyancing transactions are held up or derailed after discovering a purchaser’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being frustrated by as much as three weeks. It is understood that this issue impacts in the region of 100,000 home moves every year. Most Willesden conveyancing firms can not act for certain mortgage companies so do check as early as possible.
Will my solicitor be raising enquiries about flooding during the conveyancing in Willesden.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Willesden. There are those who buy a house in Willesden, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, however there are a various checks that can be carried out by the purchaser or by their lawyers which can figure out the risks in Willesden. The conventional set of property information forms supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to discover if the premises has historically flooded. In the event that the property has been flooded in past and is not disclosed by the vendor, then a buyer could bring a legal claim for losses stemming from an incorrect reply. A purchaser’s lawyers should also commission an enviro report. This should indicate if there is a recorded flood risk. If so, further inquiries should be conducted.
My wife and I have a 4 bedroom Edwardian property in Willesden. Conveyancing solicitor represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Willesden and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing solicitor who conducted the work.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Willesden is where the house is located. What do you suggest?
Flying freeholds in Willesden are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Willesden you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Willesden may ascertain 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 premises.
I was recommended by a couple of local selling agents in Willesden to get a quote from a solicitor on your site. What’s the financial incentive for Estate Agents to recommend your lawyers rather than a competitor’s?
We don’t offer any commission for sending work our way. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Do I have to visit the offices of the mortgage company conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Willesden as it will be easier to attend their offices if required.
Most conveyancing panel lawyers for the mortgage company undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Willesden. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.