Have purchased a a terraced house in Godmanchester , What is the estimated time for the Land Registry to register my ownership? My Godmanchester conveyancing solicitor has been painfully slow, so I want to be sure the post completion formalities are dealt with.
There is nothing unique about conveyancing in Godmanchester registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd persons or bodies. Currently in the region of 80% of submission are completed in less than three weeks but some can be subject to longer delays. Registration takes place once the buyer has moved in to the premises thus an expedited registration is not always primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Godmanchester differ for newly converted properties?
Most buyers of new build or newly converted property in Godmanchester contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Godmanchester usually purchase the land, 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 Godmanchester or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Godmanchester is where the house is located. Can you shed any light on this issue?
Flying freeholds in Godmanchester are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Godmanchester you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Godmanchester may determine 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 have been pointed in your direction by a number of estate agents in Godmanchester to get a quote from a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your site ahead of a competitor’s?
We don’t offer any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're new to the buying process - had an offer accepted, yet the selling agent advised that the vendor will only proceed if we instruct the agent's preferred conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Godmanchester
It is unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Contact the sellers directly and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Godmanchester conveyancing lawyers - not the ones that will give the estate agent a introducer fee or hit his conveyancing thresholds demanded by head office.
Why is New Build conveyancing in Godmanchester more expensive?
Conveyancing in Godmanchester for recently converted or new build properties often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental investigations and contractual considerations.