We're in Knebworth, First timers purchasing with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC 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.
Various online forums that I have visited warn that are the number one reason for obstruction in Knebworth house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Knebworth.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Knebworth I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Knebworth in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Knebworth and I am already nervous. I couldn't find anything specific about Knebworth. Conveyancing will be needed in due course but do you know about the Knebworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Knebworth. In the meantime here are some basic statistics that we found
I am looking for a conveyancing practitioner in Knebworth for my house move. Is it possible to see a firm’s record with the legal regulator?
You may review documented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, phone 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 may monitor call for training purposes.
I previously informed by my lender that their approved conveyancers work on no move no charge basis for conveyancing in Knebworth. My purchase did not proceed nevertheless the lawyers have requested search fees! They are claiming that the fees are nothing to do with their fees!
in promising "no move no fee" Knebworth conveyancing practices are waiving their charges for any work conducted. We must stress this does not constitute an insurance scheme. you will still need to reimburse any charges that the conveyancer has outlayed on your behalf for instance Knebworth local authority searches