Do the conveyancing solicitors identified via your search tool handle attended exchange conveyancing in Shanklin?
We do have a number of conveyancing experts who can conduct one day exchanges. Do e-mail us to receive a costs illustration and details as to dates.
We're in Shanklin, First time buyers buying with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
A friend advised me that in purchasing a property in Shanklin there may be various restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Shanklin which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Shanklin should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Last month we had a mortgage agreed in principle with Co-operative. Shanklin conveyancing solicitors were selected. What is the average time that one could expect to receive a mortgage offer from Co-operative?
Some lenders take longer than others. Have Co-operative completed the survey? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Shanklin lawyer on the Principality panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
The deeds to my property can not be found. The lawyers who conducted the conveyancing in Shanklin 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title official documentation to establish that you own the land or premises, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Shanklin differ for new build properties?
Most buyers of new build property in Shanklin contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Shanklin 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 used to new build conveyancing in Shanklin or who has acted in the same development.
I have just started marketing my garden apartment in Shanklin.Conveyancing lawyers have not yet been instructed but I have just had a half-yearly service charge invoice – Do I pay up?
It best that you pay the maintenance contribution as normal as all ground rent and service invoices should be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process