The housing market in Barnstaple is heating up. What can I do to expedite the buying process?
Where the seller is applying pressure for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will make use of local connections and knowledge. It is even conceivable that they could have conducted previoushouses in the same road. Therefore consider using a Barnstaple conveyancing lawyer. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Barnstaple conveyancing transactions are frustrated or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being held up by an average of three weeks. It is estimated that this issue impacts approximately 100,000 home sales annually. Almost all Barnstaple conveyancing firms can not represent certain lenders so do check as early as possible.
We're in Barnstaple, FTBs buying with a mortgage (lender is Coventry BS , and our solicitor is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer 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.
It has been four months since my purchase conveyancing in Barnstaple concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Barnstaple differ for newly converted properties?
Most buyers of new build property in Barnstaple contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Barnstaple usually 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 used to new build conveyancing in Barnstaple or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Barnstaple and how can you help?
The particular law that you refer to gives security of tenure to commercial tenants, giving them the dueness to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Barnstaple
I'm purchasing a flat in Barnstaple. I have found my conveyancer's company on the CLC list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not all staff in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unlicensed staff.