I am in a contract race with another buyer for a property in Warminster. What can be done to expedite the conveyancing process?
In the event that the seller is applying pressure for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will have local contacts and knowledge. It is even conceivable that they could have transacted previoushomes in the same neighbourhood. Therefore consider using a Warminster conveyancing solicitor. Second, be sure that the lawyer is on the member panel. It is claimed that nearly one in five of Warminster conveyancing deals are frustrated or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the conveyancing being delayed by an average of three weeks. It is claimed that this issue impacts approximately one hundred thousand home moves every year. Almost all Warminster conveyancing practices can not act for certain banks so do check as early as possible.
Can your site be used to recommend a Conveyancing solicitor in Warminster even if I’m not purchasing or selling a house, for instance where I wish to acquire an office in Warminster with a loan from Coventry Building Society?
Our search tool is predominantly utilised to help choose domestic conveyancing solicitors in Warminster but we have set out at the end of this page a few Warminster commercial conveyancing firms. You should enquire with the solicitors directly to see if they can also act for Coventry Building Society
We wanted to use a property lawyer in Warminster for our house purchase. Our broker informed us that our bank Britannia won't deal with them. Why is this not regarded as unfair competition?
Pre- 2008 most mortgage companies had an appetite for risk which was higher than today. Almost all Warminster conveyancing firms would have been on most bank panels. The FSA in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms regarding their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many Warminster conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Warminster is one of the hundreds of locations where the conveyancers we list are are authorised to act for Britannia.
If you had a top tip for selecting a conveyancing solicitor in Warminster what would it be?
We would encourage you not to go for the cheapest Warminster conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Can I be sure that the Warminster conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Warminster getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your transaction.
TSB have agreed my mortgage in principle, my offer on a apartment in Warminster has been agreed to, what happens next?
The estate agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Contact TSB or the broker and complete any outstanding paperwork. TSB will sellect a valuer who will get in contact with the selling agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. TSB will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Warminster.
How does conveyancing in Warminster differ for new build properties?
Most buyers of new build or newly converted property in Warminster approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Warminster usually acquire 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 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 accustomed to new build conveyancing in Warminster or who has acted in the same development.
I opted to have a survey carried out on a property in Warminster ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may not grant a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Warminster. Conveyancing may be slightly more expensive based on your lender's requirements.