I am in a contract race with another prospective purchaser for a property in Sandbanks. What can I do to accelerate the legal process?
First, If you are under pressure for your conveyancing we would recommend that your conveyancer is familiar with the location as they will benefit local contacts and intelligence. It is possible that they would have transacted otherproperties in the same neighbourhood. Therefore consider using a Sandbanks conveyancing lawyer. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Sandbanks conveyancing transactions are frustrated or derailed after discovering a buyer’s lawyer was not on their mortgage lender’s panel. This can often result in the home move being held up by as much as 21 days. It is claimed that this issue impacts approximately one hundred thousand home sales annually. Many Sandbanks conveyancing firms can not represent certain lenders so do check at the outset.
We see that you have a search directory identifying solicitors on the Barclays conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Sandbanks?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sandbanks.
What does a local search inform me concerning the property we're buying in Sandbanks?
Sandbanks conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company such as Searchflow The local search is essential in every Sandbanks conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I have a terraced Georgian house in Sandbanks. Conveyancing solicitor represented me and Chelsea Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching property. Is it worth asking Chelsea Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sandbanks and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who conducted the purchase.
Am I best advised to appoint a Sandbanks conveyancing solicitor who is local to the property I am purchasing? An old friend can handle the legal formalities but they are based a couple of hundredmiles drive away.
The primary upside of using a local Sandbanks conveyancing firm is that you can attend the office to execute documents, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were happy that must outweigh using an unfamiliar Sandbanks conveyancing lawyer just because they are round the corner.
I purchased a flat in Sandbanks last 10/7/2020 and to date it is still not recorded with HM Land Registry. It is part of a development site and my conveyancing practitioner told me that it may take one year to complete the registration formalities. I have contacted HMLR directly and they say that the initial application was cancelled due to failure to reply to requisitions. What can I do?
It is your lawyer that you should turn to here in order to satisfy any concerns which have arisen as part of the registration process for your Sandbanks property. Normal Sandbanks conveyancing practice includes an undertaking on the part of the previous owner’s property lawyer that they will help resolve any requisition raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.