I am under pressure from the executor of a property in Faversham to complete within four weeks. What can be done to quicken up the legal process?
First, If you are under a tight deadline for your conveyancing we would recommend that your lawyer is familiar with the location as they will have local connections and intelligence. It is even conceivable that they may have handled otherhomes in the same neighbourhood. Therefore consider using a Faversham conveyancing firm. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Faversham conveyancing transactions are suspended or jeopardised after finding out that a buyer’s conveyancer was not on their banks member panel. This can often result in the conveyancing being delayed by almost 21 days. It is said that this issue impacts in the region of one hundred thousand home moves annually. Most Faversham conveyancing practices can not represent certain lenders so do check as early as possible.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Faversham. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/4/2024, the requirements read as follows :
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Faversham for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Faversham conveyancing specialists.
How does conveyancing in Faversham differ for newly converted properties?
Most buyers of new build residence in Faversham contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Faversham usually purchase 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 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 Faversham or who has acted in the same development.
I am looking to sell my home. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Faversham if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Faversham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to assess costs for conveyancing in Faversham from numerous lawyer and decide on one. Should I instruct them to hold tight until I I have my bid accepted on a house.
You should wait to get your conveyancing practitioner to open a file and apply for searches once the sales confirmation has been sent by the estate agent particularly as Faversham conveyancing searches are costly.