We're in Bedale, FTBs buying with a mortgage (lender is Clydesdale , and our solicitor is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
I moved into my apartment on 4 March and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Bedale expressed confidence that it would be formalised in a couple of weeks. Are properties in Bedale particularly slow to register?
There is nothing unique when it comes to conveyancing in Bedale registration formalities. As opposed to being determined by geographic area, timescales can vary according to the party submitting the application, whether it is in order and if the Land registry communicate with any interested parties. Currently in the region of three quarters of such applications are fully addressed within two weeks but occasionally there can be protracted delays. Registration occurs once the new owner is living at the premises so registration formalities is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.
How does conveyancing in Bedale differ for newly converted properties?
Most buyers of new build residence in Bedale contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Bedale tend to buy 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 conveyancing solicitors 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 Bedale or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Bedale in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend not issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bedale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bedale to see if the conveyancing will be more expensive.
How simple is it to use your search tool to get a costs illustration from a conveyancing lawyer in Bedale on the approved list for my mortgage?
Step one is to pick a lender such as Nationwide Building Society, Skipton Building Society or Godiva Mortgages Ltd then specify your location for instance Bedale. Conveyancing firms in Bedale and beyond will then be listed.