Please help. My Wolverton solicitor is advising me that he is legally obliged toorder Wolverton conveyancing searches stemming from the fact thatthe firm are on the Nat Westconveyancing panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Wolverton conveyancing searches.
We hope to to buy with Darlington Building Society. I visited 3 or 4 high street practices but am struggling to find a Wolverton conveyancing firm on the Darlington Building Society panel. Please you assist?
Feel free to take advantage of the search tool on this page. Please choose the building society and type Wolverton or your location and you will discover numerous conveyancers located in Wolverton or near you.
I have been told that property searches are the number one reason for stalling in Wolverton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Wolverton.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wolverton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wolverton. 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 Wolverton differ for new build properties?
Most buyers of new build premises in Wolverton come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Wolverton tend to acquire 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 Wolverton or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Wolverton prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wolverton. Conveyancing will be smoother if you use a solicitor in Wolverton especially if they are familiar with such properties in Wolverton.