I am under pressure from the seller of a property in Littlehampton to sign contracts within four weeks. What can I do to expedite the buying process?
First, If the seller is applying pressure to complete it is advisable to make sure that your solicitor is familiar with the location as they will make use of local contacts and insight. It is possible that they would have conducted previoushouses in the same street. Therefore consider using a Littlehampton conveyancing solicitor. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Littlehampton conveyancing transactions are suspended or derailed after discovering a purchaser’s lawyer was not on their mortgage lender’s member panel. This can often result in the buying process being delayed by an average of 21 days. It is understood that this issue affects in the region of 100,000 home sales annually. Most Littlehampton conveyancing practices can not represent certain lenders so do check as early as possible.
The Littlehampton conveyancing solicitors that just started acting on my purchase in Littlehampton have without warning shut down. I chose them because I had to have a lawyer on the Clydesdale conveyancing panel and my family Littlehampton lawyer was not. I cut them a cheque for £250 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I'm the only recipient of my late grandmother’s estate and I have everything in my name alone, including the house in Littlehampton. The Littlehampton property was put into my name in April. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be considered the same way as if I'd bought the property in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. Some mortgage companies would take a practical view as this provision chiefly exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
We had instructed conveyancing lawyers locally in Littlehampton on the UBS solicitor panel. They have just invoiced me an additional charge for handling the UBS mortgage. Is this an additional conveyancing fee set by UBS?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your conveyancer is entitled to levy a fee for this. This fee is not set by UBS but by your Littlehampton lawyer. Some firms on the UBS panel will quote ’dealing with mortgage’ fee but some practices incorporate it on their overall fee.
I had a mortgage agreed in principle with Santander. Littlehampton conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from Santander?
There is no definitive answer here. Have Santander completed the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I need some expedited conveyancing in Littlehampton as I am faced with pressure to sign on the dotted line in less than one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at free not to have searches carried out although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Littlehampton the following are examples of what can arise and therefore impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Littlehampton for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Littlehampton, including the sale and acquisition of businesses as well as simply property. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. As for the fees this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call so as to enable us to furnish you with comprehensive commercial conveyancing calculation.