Unfortunately I am unable to travel far from Longridge. Is there a reason why all Longridge conveyancers are not on all lender panels?
Before the recession most banks demonstrated an approach to risk which is different from today. The Financial Services Authority in 2010 carried out a thematic review into fraud which in summary warned lenders: know the property lawyers on your panel. As a result, lenders have subsequently looked to extract more information from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum number of transactions. Many law practices have found themselves excluded from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the mortgage companies insisted on.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who dealt with the conveyancing in Longridge 5 years ago are no longer around. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer should be aware exactly where to look for all the suitable paperwork so you may buy or sell your house without any difficulty. Where copies are not available, your lawyer may be able to put in place insurance or indemnities against possible claims on the property.
How does conveyancing in Longridge differ for newly converted properties?
Most buyers of new build or newly converted property in Longridge come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Longridge tend to buy the land, 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 property lawyers 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 used to new build conveyancing in Longridge or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Longridge I like with amenity areas and railway links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Longridge in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am looking to sell my home. My former solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Longridge if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Longridge. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
We're new to the buying process - had an offer accepted, but the selling agent informed us that the vendor will only move forward if we instruct their preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Longridge
We suspect that the owner is not behind this request. Should the seller require ‘a quick sale', alienating a genuine purchaser is counter productive. Avoid the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you are going to use your own,trusted Longridge conveyancing solicitors - not the ones that will provide the negotiator at the agency a kickback or achieve conveyancing targets demanded by corporate headquarters.