I am under pressure from the mortgagee in possession of a property in Cippenham to complete within four weeks. What can be done to quicken up the legal process?
Where the seller is applying pressure for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local connections and intelligence. It is possible that they would have handled previoushouses in the same neighbourhood. You would be best advised to use a Cippenham conveyancing solicitor. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Cippenham conveyancing deals are delayed or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s member panel. This can often result in the transaction being frustrated by an average of three weeks. It is said that this issue impacts approximately 100,000 home sales every year. Many Cippenham conveyancing practices can not represent certain mortgage companies so do check at the outset.
My lawyer in Cippenham is not on the Coventry Building Society Approved Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Coventry Building Society panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your preferred Cippenham solicitors but Coventry Building Society will need to retain a lawyer on their panel. This will result in additional total legal charges as well as result in delays.
- Get an alternative practitioner to to deal with the purchase, not forgetting to check they are on the Coventry Building Society panel
I need some fast conveyancing in Cippenham as I have a deadline to exchange contracts within one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you are at liberty not to do searches although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Cippenham the following are examples of issues that can be revealed and therefore affect future saleability: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Cippenham I like with amenity areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Cippenham in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
How do I use the search app to get a quote from a conveyancing practitioner in Cippenham on the authorised to act for my mortgage?
1st pick a lender such as HSBC Bank, Leeds Building Society or Godiva Mortgages Ltd then type in your preferred area for example Cippenham. Conveyancing firms in Cippenham and beyond will then be shown.