My husband and I are in the throws of looking at houses in Farnham Common and I am about to put in an offer. Is it sensible to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Barclays.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are getting a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I have a mortgage with Barclays for my property in Farnham Common. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
You must advise Barclays prior to letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel firm.
Barclays have agreed my home loan in principle, my bid on a flat in Farnham Common has been accepted, what happens next?
Your property agent will wish to be advised as to your property lawyer's details (make sure the property lawyers are on the lender’s approved list). Telephone Barclays or your financial adviser and complete any relevant documentation. Barclays will sellect a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Barclays will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Farnham Common.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial estate in Farnham Common?
Its becoming the norm that commercial conveyancing solicitors in Farnham Common will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Farnham Common. The report sets out 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 Farnham Common.
For every commercial conveyancing transaction in Farnham Common it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Farnham Common commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Farnham Common.
I used Arc property Solicitors several years past for my conveyancing in Farnham Common. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Farnham Common of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Farnham Common differ for newly converted properties?
Most buyers of new build premises in Farnham Common come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Farnham Common usually buy the real estate, 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 accustomed to new build conveyancing in Farnham Common or who has acted in the same development.
I opted to have a survey carried out on a property in Farnham Common prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks will refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Farnham Common. Conveyancing may be slightly more expensive based on your lender's requirements.
Some weeks ago I was advised by my mortgage company that their panel solicitors work on no completion no charge basis for conveyancing in Farnham Common. Our purchase did not proceed yet the solicitors want search fees! They are claiming that the fees are seperate!
in offering "no completion no fee" Farnham Common conveyancing lawyers are waiving their charges for any work carried out. We must stress this is NOT an insurance scheme. Disbursements aren’t covered – where the conveyancing practitioner have to pay money out to third parties, for instance Farnham Common local search fees