We're in Cann Hall, First time buyers purchasing with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays 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.
Various web forums that I have visited warn that are the number one cause of obstruction in Cann Hall conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Cann Hall.
Am I right to be wary by brokers that I am dealing with are suggesting a factory type conveyancing firm as opposed to a local Cann Hall conveyancing practice?
As with lots of professional services, often referrals from connections can be most helpful. Yet there are numerous parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders may suggest solicitors to retain. On occasion the solicitors might be known to one of the organisations as experts in their field, but sometimes there might be a financial incentive behind the recommendation. You are at liberty to select your own lawyer. However, bear in mind that many mortgage providers specify a panel list of law firms you are obliged to use for the lender aspect of your home move.
My husband and I are 3 weeks into a freehold purchase having been directed to solicitors by the selling agent to do our conveyancing in Cann Hall. I am not happy. Could you you assist me in finding new solicitors?
A lawyer would need to be really bad in order to consider changing them. Has your mortgage been generated? If so you will need to inform them of the new contact details and have the offer are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company panel to avoid escalating costs and frustration. So that should be your first question of the new conveyancers. The search tool can help you find a bank approved solicitor for your home move in Cann Hall
Should I stop my mortgage payments with HSBC as soon as a completion date for my sale in Cann Hall has been agreed?
You would be well advised to maintain paying any mortgage sums to HSBC until the mortgage is repaid out of the proceeds of sale as part of your Cann Hall conveyancing.