I am under pressure from the executor of a property in Stratford to exchange within four weeks. What can I do to speed up matters?
First, If you are under pressure to sign contracts it is advisable to make sure that your conveyancer is familiar with the area as they will benefit local connections and know-how. It is even conceivable that they may have conducted otherproperties in the same road. You would be best advised to use a Stratford conveyancing lawyer. Second, be sure that the conveyancing firm is on the member panel. It is estimated that just under twenty per cent of Stratford conveyancing deals are frustrated or jeopardised after finding out that a purchaser’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being frustrated by an average of 21 days. It is claimed that this issue affects in the region of 100,000 home sales every year. Many Stratford conveyancing firms can not act for certain banks so do check as early as possible.
When will exchange of contracts happen for sale conveyancing in Stratford and am I required to attend the lawyers branch?
Where you are local to one of the conveyancing solicitors in Stratford you are welcome to come in to sign the paperwork. That being said, the firms we recommend offer a nationwide conveyancing service and give as equally detailed and professional a job for you when dealing with you digitally. The signing of the contract is not the important part. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Stratford)to be in the office available at the end of the phone to exchange contracts.
Can you clarify what the consequences are if my solicitor is expelled from the HSBC Conveyancing panel ahead of completing my conveyancing in Stratford?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I decided to have a survey completed on a house in Stratford ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Stratford. Conveyancing will be smoother if you use a solicitor in Stratford especially if they are familiar with such properties in Stratford.
We're first time buyers - agreed a price, yet the property agent has warned us that the owners will only move forward if we use the agent's chosen solicitors as they want a ‘quick sale’. We would rather use a high street conveyancer used to conveyancing in Stratford
We suspect that the owner is unaware of this request. Should the owner require ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to instruct your preferred Stratford conveyancing firm - as opposed tothose that will earn their estate agent a introducer fee or achieve conveyancing figures set by head office.
Online reading suggests that Stratford solicitors are more expensive than licensed conveyancers in Stratford when it comes to buying a property. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in Stratford.
When it comes to conveyancing in Stratford the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.