If you had a top tip for selecting a conveyancing solicitor in Old Stratford what would it be?
Do not opt for the lowest Old Stratford conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Old Stratford building society branch on various occasions and was informed it wasn't a problem and they would lend. My Old Stratford conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their specific requirements. Who do I believe?
Your solicitor must follow the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Old Stratford solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Old Stratford postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Old Stratford.
How does conveyancing in Old Stratford differ for newly converted properties?
Most buyers of new build or newly converted property in Old Stratford contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Old Stratford tend to buy the real estate, 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 accustomed to new build conveyancing in Old Stratford or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Old Stratford is the location of the property. Can you shed any light on this issue?
Flying freeholds in Old Stratford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Old Stratford you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old Stratford may decide 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 property.
Should I be suspicious about brokers that I am dealing with are recommending a factory type conveyancing firm rather than a High Street Old Stratford conveyancing firm?
As is the case with many professional services, often referrals from connections can be extremely useful or valuable. But there are numerous parties with a keen interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies may recommend conveyancers to choose. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You have the discretion to appoint your preferred lawyer. Don't forget that some mortgage providers have an approved list of conveyancers you are obliged to use for the mortgage aspect of your transaction.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Old Stratford. I have discover a web site which appears to be the perfect answer If it is possible to get all the legals completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have been told by many friends to expect up to two months for Old Stratford conveyancing to complete.This was a month ago. The property information was only forwarded from the vendors solicitor last week so does the time start running now?
There is no categorical time frame for conveyancing in Old Stratford. Conveyancing is subject to too much unpredictabilities. Old Stratford conveyancing searches in and of themselves may take some weeks before they are received.