We're in Beaconsfield, First time buyers purchasing with a mortgage (lender is Santander , and our lawyer is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
When it comes to mortgage companies such as Aldermore, do Beaconsfield conveyancing practitioners face a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all Beaconsfield conveyancing solicitors on the Nottingham conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be governed by the SRA. Some mortgage companies do permit licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
We expect to receive a OIP from Nottingham this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Beaconsfield solicitors on the Nottingham conveyancing panel, or is it better to go independently?
You will need to appoint Beaconsfield solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
Just acquired a terraced house in Beaconsfield , What is the estimated time for the Land Registry to register my ownership? My Beaconsfield conveyancing solicitor has been very slow, so I want to be certain the registration formalities are addressed.
There is nothing unique about conveyancing in Beaconsfield registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether it is in order and if the Land registry need to notify any other persons or bodies. Currently in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration takes place once the purchaser has moved in to the property therefore registration formalities is not typically top priority but where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
About to purchase a new build flat in Beaconsfield. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Beaconsfield
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan.
How much will conveyancing in Beaconsfield cost?
Almost all Beaconsfield conveyancing practices will charge a fixed fee. If additional work become due during the transaction your conveyancing practitioner should advise you in writing of any additional fees for any work immediately it becomes foreseeable. Some work on a no completion no fee principle, others will levy an bill for a fraction of the agreed costs, depending on the stage at which the transaction aborts.
It is advisable to ask various practices to provide you an estimate.