We're in Crook Log, FTBs purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no 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.
How does conveyancing in Crook Log differ for new build properties?
Most buyers of new build residence in Crook Log contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Crook Log usually purchase 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 Crook Log or who has acted in the same development.
What does commercial conveyancing in Crook Log cover?
Crook Log conveyancing for business premises incorporates a broad array of guidance, given by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to find a conveyancing solicitor for residential conveyancing in Crook Log. I happened to chance upon a site which seems to have the ideal offering If it is possible to get all the legals completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I have chosen a Crook Log conveyancing solicitor for our home move (novice purchasers) and have picked up in the terms and conditions that they are not overseen by the FCA. Am I right to be worried or is that standard with solicitor?
We can't see why they should be. Most property lawyer don't lend money. They will be governed by the SRA, who have strict obligations in relation to amounts deposited on client account.