Much to our surprise we have been advised by our broker that my Soham the law firm I have appointed is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
You need to contact your Soham lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Do the Building Society Association intend to launch a online directory to list practices on the Earl Shilton BS conveyancing panel for instance in Soham?
We would not expect to be advised of any plans on the part of the BSA to develop such a search facility.
I have been told that property searches are the primary cause of obstruction in Soham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Soham.
How does conveyancing in Soham differ for new build properties?
Most buyers of new build premises in Soham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Soham usually 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 conveyancing solicitors 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 Soham or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Soham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Soham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Soham you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Soham may ascertain 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 residence.
Taking into account that I am about to spend 450k on a garden flat in Soham I would like to have a conversation with the solicitor regarding theconveyancing ahead of appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in Soham.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Soham should be the figure that you are charged.