Is it realistic for conveyancing in Tunbridge Wells to be completed in two weeks?
Where the seller is applying pressure to exchange it is advisable to make sure that your lawyer is familiar with the location as they will make use of local relationships and knowledge. It is possible that they may have handled previoushouses in the same neighbourhood. Therefore consider using a Tunbridge Wells conveyancing firm. Second, check that the lawyer is on the on the approved list for your mortgage company. It is understood that nearly one in five of Tunbridge Wells conveyancing deals are delayed or derailed after discovering a buyer’s solicitor was not on their banks panel. In many cases this discovery resulted in the transaction being held up by an average of three weeks. It is said that this issue affects approximately 100,000 home sales annually. Almost all Tunbridge Wells conveyancing practices can not act for certain mortgage companies so do check as early as possible.
Can I use your services to recommend a Conveyancing solicitor in Tunbridge Wells even where I’m not purchasing or disposing of a house, for instance where I wish to buy an office in Tunbridge Wells with a loan from The Mortgage Works?
Our comparison service is primarily used to get a quote from domestic conveyancing solicitors in Tunbridge Wells but we have set out at the bottom of this page a selection of Tunbridge Wells commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they can also act for The Mortgage Works
We had chosen conveyancing lawyers locally in Tunbridge Wells on the Yorkshire BS solicitor panel. They have just invoiced me a further amount for the legal aspects of the Yorkshire BS mortgage. Is this an additional conveyancing fee specified by Yorkshire BS?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner can levy a fee for this. The charge is not set by Yorkshire BS but by your Tunbridge Wells conveyancing practitioner. Plenty of firms on the Yorkshire BS panel will quote ’dealing with mortgage’ fee but some practices include it on their overall fee.
Last month we had a mortgage agreed in principle with Bank of Ireland. Tunbridge Wells conveyancing lawyers are chosen. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
Some lenders take longer than others. Have Bank of Ireland conducted the valuation? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
It is not clear whether my lender requires a lease extension. I have telephoned my Tunbridge Wells bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Tunbridge Wells conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend based on their published requirements. Who do I believe?
Provided that the lawyer is on the lender panel, they must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
The deeds to our home are lost. The conveyancers who handled the conveyancing in Tunbridge Wells 10 years ago no longer exist. What are my next steps?
These day there are copies made of almost everything, and your solicitor should know precisely where to look for all the appropriate documentation so you may purchase or sell your house without any difficulty. If duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on your premises.
How does conveyancing in Tunbridge Wells differ for new build properties?
Most buyers of new build or newly converted property in Tunbridge Wells approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because developers in Tunbridge Wells usually 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 Tunbridge Wells 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 was supposed to be a straight forward, chain free conveyancing. Tunbridge Wells is the location of the property. What do you suggest?
Flying freeholds in Tunbridge Wells are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tunbridge Wells you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tunbridge Wells 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.