It is is a decade since I bought my home in Farnham Common. Conveyancing lawyers have just been appointed on the sale but I am unable to locate the title documents. Will this cause complications?
You need not be too concerned. First the deeds may be with your mortgage company or they could be in the possession of the solicitor who handled the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Farnham Common relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
What happens if my lawyer’s firm is suspended from the Clydesdale Conveyancing panel ahead of completing my conveyancing in Farnham Common?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Various web forums that I have visited warn that are a common reason for delay in Farnham Common conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Farnham Common.
How does conveyancing in Farnham Common differ for newly converted properties?
Most buyers of new build premises in Farnham Common approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Farnham Common usually buy 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 conveyancers 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 Farnham Common or who has acted in the same development.
Hoping to buy a property located in Farnham Common and I am already nervous. I couldn't find anything specific about Farnham Common. Conveyancing will be needed in due course but do you know about the Farnham Common area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Farnham Common. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing lawyer in Farnham Common for my home move. Is there any facility to see a firm’s record with the profession’s regulator?
Members of the public can read presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training requirements.