The property market in Whitwick is heating up. What can be done to speed up the conveyancing process?
In a situation where the seller is applying a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will make use of local connections and insight. It is even conceivable that they could have transacted otherhomes in the same street. You would be best advised to use a Whitwick conveyancing solicitor. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is believed that nearly one in five of Whitwick conveyancing deals are frustrated or jeopardised after finding out that a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the transaction being held up by almost three weeks. It is understood that this issue impacts approximately 100,000 home sales every year. Almost all Whitwick conveyancing firms can not act for certain lenders so do check as early as possible.
At what point will exchange of contracts occur in domestic conveyancing in Whitwick and am I required to be at the solicitors office?
Where you are local to our conveyancing solicitors in Whitwick you are welcome to attend to sign contracts. However, the law practices we recommend offer a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you electronically. The executing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Whitwick)to be in the office at the appropriate time.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Whitwick. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?
Where you intend to refinance then Kent Reliance will require that you use a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
I decided to have a survey carried out on a house in Whitwick before appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders will not grant a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Whitwick. Conveyancing will be smoother if you use a solicitor in Whitwick especially if they regularly deal with such properties in Whitwick.
My father-in-law has urged me to use his conveyancers in Whitwick. Should I use them?
Much as we are happy to recommend a Whitwick conveyancing lawyer the ideal way to select a conveyancing solicitor is to get feedback from friends or relatives who have used the firm that you are are thinking of instructing.