I have been told that property searches are the primary reason for obstruction in Brigg conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Brigg.
Just bought a detached house in Brigg , What is the estimated time for the Land Registry to register the transfer to my name? My Brigg conveyancing solicitor has been painfully slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Brigg registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can differ subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any third parties. As of today roughly three quarters of submission are fully dealt with within two weeks but some can be subject to extensive hold-ups. Historically registration takes place after the buyer is living at the property thus post completion formalities is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Brigg differ for newly converted properties?
Most buyers of new build premises in Brigg contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Brigg typically buy 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 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 Brigg or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Brigg is the location of the property. Can you shed any light on this issue?
Flying freeholds in Brigg are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Brigg you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brigg may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My wife and I have appointed a Brigg conveyancing solicitor for our house purchase (first time buyers) and have picked up in the engagement letter that they are not governed by the FCA. Am I right to be worried or is that the norm with solicitor?
We can't see why they should be. Most conveyancer don't lend money. They should be regulated by the SRA, who dictate strict laws covering monies held in their bank.