My friend's step-father is a conveyancing practitioner. I suspect that I will receive preferential pricing for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Griffithstown?
It’s wise to get 3 or more like-for-like conveyancing quotes. Do use our comparison tool on this site. The quotes do contrast greatly but service levels do are distinct between property lawyers as is true with most professions.
We're in Griffithstown, FTBs purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I completed on my flat on 12 June and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Griffithstown advises it will be formalised in a couple of weeks. Are transfers in Griffithstown particularly slow to register?
There is nothing unique about conveyancing in Griffithstown registration formalities. Rather than based on location, timeframes can vary subject to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. Currently roughly three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Registration occurs once the new owner has moved in to the premises so post completion formalities is not always top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
How does conveyancing in Griffithstown differ for new build properties?
Most buyers of new build property in Griffithstown come to 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 new home sellers in Griffithstown typically 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 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 Griffithstown or who has acted in the same development.
Do you have any top tips for leasehold conveyancing in Griffithstown with the purpose of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Griffithstown can be avoided where you instruct lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information which will be required by the purchasers’ conveyancers. The majority of landlords or managing agents in Griffithstown charge for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Griffithstown. Some Griffithstown leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If there is a history of conflict with your landlord or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to present the dispute as over as opposed to unresolved.
Leasehold Conveyancing in Griffithstown - A selection of Queries Prior to buying
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Does the lease have onerous restrictions? Please tell me if there are any major works anticipated that will likely increase the maintenance fees? The answer will be helpful as a) areas could cause problems in the building as the communal areas may begin to deteriorate where maintenance remain unpaid b) if the tenants have an issue with the managing agents you will want to know about it
Am in the process of buying my first property in Griffithstown. Conveyancing solicitor already chosen. The financial consultant advised that a survey is not necessary as the house was only built 22 years ago.
You would be best advised to undertake a Home Buyer's Report. As the premises is more than 10 years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report may be sufficient. The report should highlight any apparent issues and recommend further investigation where appropriate. If there are any indications of material issues seek a full Building Survey from the beginning.