I am considering applying for a Principality mortgage for purchase of a new build (under development) in Egham with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who handled the conveyancing in Egham 5 years ago are no longer around. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your solicitor should be aware precisely where to locate all the suitable paperwork so you can buy or sell your property without a hitch. If duplicates can’t be located, your solicitor may be able to arrange cover in the form of insurance or indemnities against future claims on the property.
How does conveyancing in Egham differ for newly converted properties?
Most buyers of new build property in Egham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Egham 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 Egham or who has acted in the same development.
I decided to have a survey completed on a house in Egham prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some lenders will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Egham. Conveyancing will be smoother if you use a solicitor in Egham especially if they are familiar with such properties in Egham.
We are one month into a freehold purchase having been recommend to conveyancers by the local agent to do our conveyancing in Egham. I am am very frustrated with the level of service. Could you help me find new solicitors?
They would have to be very bad to suggest diss instructing them. Has the loan offer been generated? If so you must make them aware of the new conveyancer and ensure the loan are re-issued. The solicitor ideally needs to be on the banks panel to avoid supplemental fees and delays. So that should be your first question of the new conveyancers. The find a solicitor tool will help you find a lender approved solicitor for your conveyancing in Egham