What is the most effective way to search for the right solicitor who will supply a first class service for our conveyancing in Ely?
Option 1 is to ask connections who they would recommend.
Option 2 is to search the web for conveyancing in Ely. Ring two or three listed and ask them to email you their conveyancing estimate and speak to the lawyer who will handle the conveyancing in advance ofmaking your decision.
Third is to make use of this site to help you find the right solicitors taking into account your own factors including location,deadlines, complications and who the proposed lender is. Avoid the trap of appointing £99 conveyancing in Ely
As I am unsure how the conveyancing bit works what is the most important number one tip you can impart about purchase conveyancing in Ely?
Not many law firms shout this from the rooftops but conveyancing in Ely or throughout Cambridgeshire is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of opportunity for friction between you and others involved in the house moving process. For instance, the seller, selling agent and sometimes the lender. Appointing a law firm for your conveyancing in Ely is a critical decision as your conveyancer is your adviser, and is the ONLY person in the transaction whose responsibility is to act in your legal interests and to keep you safe.
There is a worrying ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. You your first instinct should be to trust your conveyancer ahead of all other players when it comes to the legal assignment of property.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial premises in Ely?
Many commercial conveyancing solicitors in Ely will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Ely. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ely.
For each commercial conveyancing transaction in Ely it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Ely commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Ely.
How does conveyancing in Ely differ for new build properties?
Most buyers of new build premises in Ely approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Ely tend to buy 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 accustomed to new build conveyancing in Ely or who has acted in the same development.
I decided to have a survey done on a house in Ely before retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks will refuse to issue a loan on this type of house.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ely. Conveyancing may be slightly more expensive based on your lender's requirements.
Our solicitor in Ely has discovered a defect with the lease for the flat we are buying in Ely. The other side have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Ely conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the lender are the client. The appropriate lender requirements must be adhered to by the bank conveyancing panel who has to balance acting for you and the bank