I chose a high street solicitor for our conveyancing in Burton Latimer yesterday. Reviewing the official terms of business I notewe are liable for costs even if our purchase aborts. Should I go with them or appoint a web based conveyancing company advertising no completion no cost conveyancing in Burton Latimer?
It is usually a trade off in that if "No Completion No Fee" is available then the conveyancing charges will generally be more expensive to neutralise the conveyances that abort. Also remember that these promotions generally do not cover expenditure for example Burton Latimer conveyancing search fees.
Can the conveyancing lawyers listed on your site execute auction conveyancing in Burton Latimer?
There are a few niche lawyers we can connect you with those specialising in auction conveyancing. Burton Latimer is just one of our locations where our lawyers have a presence.
As someone unfamiliar with conveyancing in Burton Latimer what is your top tip you can give me for the ownership transfer in Burton Latimer
You may not hear this from too many lawyers but conveyancing in Burton Latimer and elsewhere in Northamptonshire is an adversarial process. In other words, when it comes to conveyancing there is plenty of room for conflict between you and other parties involved in the ownership transfer. For instance, the vendor, estate agent and on occasion the bank. Appointing a law firm for your conveyancing in Burton Latimer an important selection as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to protect your legal interests and to protect you.
Every so often a third party with a vested interest may try and sway you that you should follow their advice. For instance, the estate agent may claim to be assisting by suggesting your lawyer is slow. Or your financial adviser may try to convince you to do take action that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the conveyancing process.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Burton Latimer. Do I receive the keys to the property on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Burton Latimer?
On the day of completion you do not need to attend the conveyancers office in Burton Latimer. Your solicitors will arrange to send the purchase money to the seller's conveyancers, and once they have received this, you should be invited to pick up the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I have decided to exercise my right to buy my property in Burton Latimer off the council. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Virgin Money have agreed my mortgage in principle, my offer on a flat in Burton Latimer has been accepted, what happens next?
The property agent will need to know who your solicitors are (make sure the property lawyers are on the bank’s approved list). Contact Virgin Money or your financial adviser and complete any outstanding paperwork. Virgin Money will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Virgin Money will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Burton Latimer.
How does conveyancing in Burton Latimer differ for new build properties?
Most buyers of new build property in Burton Latimer approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Burton Latimer usually acquire 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 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 Burton Latimer or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Burton Latimer is where the house is located. Can you shed any light on this issue?
Flying freeholds in Burton Latimer are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burton Latimer you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burton Latimer 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.