The property market in Sandown is heating up. What can I do to accelerate the legal process?
In the event that you are under pressure to complete it is advisable to make sure that your solicitor is familiar with the location as they will make use of local connections and know-how. It is even conceivable that they could have transacted otherproperties in the same street. Therefore consider using a Sandown conveyancing solicitor. In addition, ensure that the lawyer is on the lender panel. It is understood that nearly one in five of Sandown conveyancing deals are suspended or derailed after finding out that a purchaser’s lawyer was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being delayed by almost three weeks. It is claimed that this issue affects in the region of one hundred thousand home sales annually. Most Sandown conveyancing firms can not act for certain lenders so do check at the outset.
Finally the sale completed on my house in Sandown last September yet the purchaser is texting me to moan that her conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is obliged to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your solicitor must also send confirmation that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Sandown.
I am helping my sister sell her house in Sandown. Will the conveyancer order the energy performance certificate or do I organise this?
After the abolition of Home Information Packs, energy assessments was left as a mandatory element of selling a property. An EPC should be commissioned prior to the property being advertised. This is not as aspect of the sale process that solicitors ordinarily arrange. Where you are instructing a Sandown conveyancing lawyer they may be able to arrange EPC’s given their relationships with long established Sandown accredited person
Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a two bedroom flat in Sandown. Do I collect the keys to the premises on the completion date from my lawyer? If this is the case, I will use a local conveyancing solicitor in Sandown?
On the day of completion you do not need to go to the conveyancers office in Sandown. Conveyancing lawyers for you will transfer the completion advance to the seller's conveyancers, and once they have received this, you should be able to collect the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
Completion of my purchase has taken place for my property in Sandown. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
What can a local search reveal about the house I am buying in Sandown?
Sandown conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Sandown conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search should reveal information 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 13 topic sections.
How does conveyancing in Sandown differ for new build properties?
Most buyers of new build or newly converted property in Sandown approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Sandown typically purchase 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 used to new build conveyancing in Sandown or who has acted in the same development.
We're first time buyers - had an offer accepted, yet the estate agent informed us that the seller will only proceed if we use their recommended solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Sandown
We suspect that the owner is unaware of this requirement. Should the seller require ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Sandown conveyancing firm - not the ones that will earn the estate agent a introducer fee or meet his conveyancing figures demanded by senior management.