I am in a contract race with another buyer for a property in Ledbury. What can be done to quicken up the conveyancing process?
In a situation where the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your conveyancer is familiar with the area as they will have local connections and know-how. It is even conceivable that they would have transacted otherhouses in the same road. Therefore consider using a Ledbury conveyancing lawyer. Second, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Ledbury conveyancing deals are delayed or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the conveyancing being frustrated by as much as 21 days. It is said that this issue impacts in the region of one hundred thousand home sales every year. Almost all Ledbury conveyancing firms can not act for certain lenders so do check as early as possible.
My brother-in-law has suggested I instruct a conveyancing solicitor in Ledbury. I I am struggling to find out whether they are accepted on the Godiva Mortgages Ltd approved list of lawyers. Can you advise?
You should e-mail your solicitor and ask them whether they are on the lender panel. Alternatively you should get in touch with Godiva Mortgages Ltd who may be able to assist.
Should my solicitor be making enquiries about flooding as part of the conveyancing in Ledbury.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Ledbury. There are those who purchase a property in Ledbury, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, but there are a numerous searches that can be undertaken by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Ledbury. The conventional set of property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to discover whether the property has historically flooded. In the event that the premises has been flooded in past and is not revealed by the owner, then a buyer may commence a claim for damages resulting from an incorrect reply. The purchaser’s lawyers may also commission an environmental report. This should indicate if there is a recorded flood risk. If so, additional inquiries will need to be initiated.
I was advised by a number of selling agents in Ledbury to choose a conveyancer on your site. Is there a financial incentive for Estate Agents to market your lawyers ahead of a competitor’s?
We refuse to give any commission for directing people to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're first time buyers - agreed a price, but the estate agent has warned us that the seller will only proceed if we appoint the agent's recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Ledbury
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Contact the vendors directly and make sure they understand (a)you are motivated buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your preferred Ledbury conveyancing firm - not the ones that will earn their negotiator at the agency a introducer fee or meet his conveyancing thresholds demanded by head office.
Do online conveyancing organisations cover everything a high street Ledbury solicitor does or must I employ a solicitor for the final stages for my conveyancing in Ledbury?
If you choose an online conveyancer they should cover all the tasks your Ledbury solicitor would cover.