I am under pressure from the executor of a property in Grove to complete within four weeks. What can I do to speed up matters?
In a situation where you are under pressure for your conveyancing it is highly recommended that your solicitor is familiar with the area as they will benefit local contacts and know-how. It is possible that they could have transacted otherproperties in the same neighbourhood. You would be best advised to use a Grove conveyancing firm. In addition, make sure that the lawyer is on the lender panel. It is understood that nearly one in five of Grove conveyancing deals are held up or derailed after finding out that a buyer’s conveyancer was not on their banks member panel. In many cases this discovery resulted in the home move being held up by as much as 21 days. It is estimated that this issue affects in the region of 100,000 home moves every year. Almost all Grove conveyancing practices can not act for certain banks so do check as early as possible.
Should conveyancers ask for an advanced payment for my conveyancing in Grove?
If you are buying a property in Grove your lawyer will ask you put them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the total price then this will be asked for immediately in advance of exchange of contracts. The final balance that is needed should be sent to your lawyer shortly before completion.
I am thinking of remortgaging my apartment in Grove, does my lawyer have to be on the Coventry BS Conveyancing panel?
In theory, you could use a solicitor that is not on the Coventry BS conveyancing panel, but Coventry BS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Various internet forums that I have visited warn that are the primary reason for hinderance in Grove house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Grove.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Grove is the location of the property. Can you shed any light on this issue?
Flying freeholds in Grove are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Grove you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Grove may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it true that a Grove conveyancing solicitor has court proceedings brought against them by clients for failing to conduct comprehensive conveyancing investigations?
Our attention has not be brought to such a Grove conveyancing matter but it has been reported that, a couple purchasing a house in Cumbria successfully sued their lawyer as a consequence of development plans to erect a wind farm failing to be picked up in conveyancing searches.
If you are thinking of buying a home in Grove It is essential that your solicitor purchase all Grove conveyancing searches needed making sure that you have relevant and current information ahead of purchasing a home in Grove.