We're in Christchurch, First time buyers purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore 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.
Have completed on a a terraced house in Christchurch , how long should it take for the Land Registry to deal with the formalities evidencing my title? My Christchurch conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
As far as conveyancing in Christchurch registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry need to notify any other parties. Currently approximately 80% of such applications are fully addressed within 12 days but occasionally there can be longer delays. Historically registration takes place once the new owner is living at the premises so 'speed' is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.
I decided to have a survey done on a house in Christchurch ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Christchurch. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Christchurch to see if the conveyancing will be more expensive.
Should I instruct a Christchurch conveyancing solicitor based in the area that I am buying? I have an old university friend who can handle the conveyancing however her office is over three hundred kilometers drive away.
The primary upside of using a high street Christchurch conveyancing firm is that you can attend the office to execute documents, present your ID and pester them where appropriate. Having local Christchurch know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and they were happy that should trump using an unfamiliar Christchurch conveyancing solicitor just because they are round the corner.
My wife and I have just had an offer agreed on a apartment and had an appointment on Wednesday with HSBC for the mortgage. They advised us that when it comes to appointing a lawyer that unless they are on their approved panel of conveyancers then we will be subject to an a further charge of £200. This is is due to the fact that they would then have to instruct a solicitor to act on their behalf in addition to the one we select on our behalf and we will be on the hook for their invoice. I have asked HSBC to provide me with a list so I can seek estimates only from their approved lawyers but was told that I need to check with each individual lawyer to see if they are on the panel. Is there a list online?
You should ask HSBC what their criteria for panel membership is for a solicitor.Thereafter ask the solicitor of your choice whether they meet the criteria and have they acted on mortgages for HSBC historically. Where the answer to those is yes, then just clarify this with HSBC. Alternatively please make use of our search tool and we should be able to find you a property lawyer in Christchurch on the panel for HSBC.