My fiance and I are acquiring a ground floor flat in Liphook. My Conveyancer is not listed on the bank conveyancing panel. Am I still permitted to use my Liphook conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You have a number of choices available to you here
- Complete the deal with your preferred Liphook conveyancing practitioner but your mortgage company will need to retain a lawyer from their conveyancing panel. This will result in additional charges together with potential delay.
- Get a fresh lawyer to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Convince your solicitor to apply to join the bank panel
Is it realistic for conveyancing in Liphook to be completed in less than 28 days?
First, If you are under time constraints to exchange it is advisable to make sure that your conveyancer is familiar with the area as they will make use of local contacts and know-how. It is possible that they could have transacted previoushomes in the same street. You would be best advised to use a Liphook conveyancing lawyer. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Liphook conveyancing deals are suspended or jeopardised after finding out that a buyer’s solicitor was not on their banks member panel. This can often result in the buying process being frustrated by an average of 21 days. It is believed that this issue impacts approximately one hundred thousand home sales every year. Almost all Liphook conveyancing practices can not represent certain banks so do check at the outset.
It is is a decade since I bought my property in Liphook. Conveyancing lawyers have just been appointed on the sale but I can't find the title deeds. Is this a major issue?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by your lender or they may be in the possession of the lawyers who oversaw the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Liphook involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial premises in Liphook?
Many commercial conveyancing solicitors in Liphook will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Liphook. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Liphook.
For every commercial conveyancing transaction in Liphook it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Liphook commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Liphook.
Am I right to be suspicious about estate agents that I am dealing with are recommending an online conveyancing firm rather than a local Liphook conveyancing practice?
As is the case with lots of service providers, often suggestions from connections can be extremely useful or valuable. But there are numerous players in a conveyancing transaction; estate agents, financial adviser and lenders may put forward lawyers to instruct. Sometimes the solicitors might be known to one of the organisations as experts in their field, but occasionally there exists a commercial relationship behind the recommendation. You are free to choose your own conveyancer. You need to be aware that most lenders have an approved list of lawyers you are obliged to use for the lender related work in your transaction.
My cousin is purchasing a garden flat in Liphook. He has received a fee estimate by the conveyancing practitioner connected to the estate agents totaling £1385 . It was 7 years ago since I sold and bought a house and it cost was £440. Have costs really gone up that much?
You should call a few local Liphook conveyancing solicitors seeking prices. You should base your choice not just on cost, but on promptness and on how comprehensive the reply is.