I have given 2 months notice to my existing landlord and must vacate my let out apartment in Trowbridge by 2/7/2024. Conveyancing for my house purchase is progressing. Is it possible to complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not serve notice for your tenancy until your lawyer suggests that you should. Assuming that you have not previously done so, notify to your solicitor and ask them to they cajole the other solicitors, try to an agreed time frame that all parties will work to achieve
Why do I have to pay up front for my conveyancing in Trowbridge?
If you are buying a property in Trowbridge your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is asked for to cover the fees of the Local Authority Search. When the deposit is as part of the purchase price then this should be asked for immediately ahead of contracts are exchanged. The final balance that is needed should be transferred shortly before completion.
We're in Trowbridge, First timers purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a simple, chain free conveyancing. Trowbridge is where the house is located. What do you suggest?
Flying freeholds in Trowbridge are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Trowbridge you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Trowbridge may decide 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 property.
My husband and I are FTB’s - agreed a price, but the agent advised that the seller will only proceed if we appoint their chosen lawyers as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Trowbridge
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and make sure they understand (a)you are genuine buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Trowbridge conveyancing lawyers - as opposed tothose that will provide their estate agent a kickback or hit his conveyancing figures demanded by corporate headquarters.
My solicitors in Trowbridge have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.