Recently been in touch with my conveyancing lawyer in Temple Fortune who conducted the legals two years ago and wanted a conveyancing estimate based on the same type of house sale & purchase (a leasehold premises and a freehold premises) of almost identical values with a home loan from Chelsea Building Society. I am now being quoted double. Should I look for a cheaper online firm of conveyancing solicitor?
The costs illustration is fractionally on the steep side. Where you are prepared to expend time contrasting prices you might decrease the fees marginally by perhaps a hundred pounds. That being said, if you were pleased with the legal work the firm provided you mightlive to regret choosing an a cheaper conveyancer. Remember to enquire that the solicitor can also act for Chelsea Building Society. Do make use of our search tool to get a quote a Temple Fortune conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Temple Fortune.
I am buying a house for cash in Temple Fortune. I have been residing for the last 15 years in Temple Fortune. Conveyancing searches are expensive. Given that I have knowledge of the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the Temple Fortune conveyancing searches are at your discretion. Your lawyer will try and steer you, perhaps strongly, that you should have searches completed, but she has a professional duty to do this. Do consider; if you are going to dispose of the house at a future date, it will be of importance to your future purchaser what the searches disclose. Sometimes houses with no practical issues can still reveal adverse search results. A good conveyancing solicitor in Temple Fortune should be able to give you some sensible advice concerning this.
Various web forums that I have frequented warn that are a common reason for obstruction in Temple Fortune house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Temple Fortune.
I moved into my home on 13 March and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Temple Fortune said it should be dealt with in a couple of weeks. Are transfers in Temple Fortune particularly slow to register?
There is nothing unique about conveyancing in Temple Fortune registration formalities. Rather than based on location, timescales can differ depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any third parties. Currently roughly 80% of such applications are fully dealt with within two weeks but occasionally there can be longer hold-ups. Historically registration occurs after the buyer has moved in to the property so an expedited registration is not always primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Temple Fortune differ for newly converted properties?
Most buyers of new build residence in Temple Fortune come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Temple Fortune usually acquire the site, 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 conveyancers 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 Temple Fortune or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Temple Fortune is the location of the property. Is there any guidance you can impart?
Flying freeholds in Temple Fortune are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Temple Fortune you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Temple Fortune may determine 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 property.