I am under pressure from the seller of a property in Bankside to complete within four weeks. What can I do to hasten the legal process?
First, If the seller is applying time constraints to exchange we would recommend that your conveyancer is familiar with the area as they will make use of local contacts and insight. It is even conceivable that they may have handled otherhomes in the same road. Therefore consider using a Bankside conveyancing solicitor. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is believed that nearly one in five of Bankside conveyancing deals are frustrated or derailed after finding out that a purchaser’s lawyer was not on their banks list of approved solicitors. This can often result in the transaction being held up by almost three weeks. It is claimed that this issue affects in the region of 100,000 home moves annually. Almost all Bankside conveyancing firms can not represent certain banks so do check at the outset.
How does conveyancing in Bankside differ for newly converted properties?
Most buyers of new build or newly converted property in Bankside contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Bankside typically purchase the site, 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 conveyancing solicitors 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 Bankside or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Bankside ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not grant a loan on such a home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you call us we can look into this further via 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 Bankside. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bankside to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Bankside cover?
Bankside conveyancing for business premises covers a broad array of services, provided by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My brother has suggested that I instruct his conveyancers in Bankside. Should I find my own property lawyer?
There are no two ways about it the ideal way to select a conveyancing practitioner is to seek referrals from friends or family who have experience in using the conveyancer that you are are thinking of instructing.
Should local authority consent be needed to change a house into a couple of flats in Bankside? This has taken place to a property opposite to a relative in Bankside and was unaware of it happening until it was done.
Planning permission is needed for splitting a single dwelling in Bankside into flats but possibly not for reverting back to single dwelling-house so, simply put, yes,a it is required.