Is it possible for conveyancing in Farnham Common to be finalised in under two weeks?

In the event that you are under a tight deadline to sign contracts it is highly recommended that your lawyer is familiar with the location as they will have local connections and know-how. It is possible that they would have handled previoushouses in the same street. Therefore consider using a Farnham Common conveyancing firm. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Farnham Common conveyancing deals are frustrated or derailed after finding out that a buyer’s conveyancer was not on their banks member panel. This can often result in the buying process being held up by as much as three weeks. It is believed that this issue impacts approximately one hundred thousand home sales annually. Almost all Farnham Common conveyancing practices can not represent certain lenders so do check at the outset.

As someone not used to conveyancing in Farnham Common what is your top tip you can give me concerning the legal transfer of property in Farnham Common

Not many law firms or advisers will tell you this but conveyancing in Farnham Common or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the transaction. For instance, the seller, property agent and even potentially the mortgage company. Appointing a lawyer for your conveyancing in Farnham Common is a critical decision as your conveyancer is your adviser, and is the ONLY person in the legal process whose role it is to protect your best interests and to protect you.

We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. We recommend that you your first instinct should be to trust your solicitor ahead of the other players in the home moving process.

Me and my partner are buying a apartment in Farnham Common. I might seem paranoid but how we can trust a lawyer? At some point we will need to send money into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We had chosen conveyancing lawyers locally in Farnham Common on the HSBC solicitor approved list. They have just invoiced me an additional sum for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?

Provided it is contained in their Terms of Engagement or estimate then yes your lawyer may levy a fee for this. This fee is not set by HSBC but by your Farnham Common lawyer. Numerous firms on the HSBC panel will quote ’dealing with mortgage’ fee but many practices include it on their overall fee.

The mortgage over my property is with HSBC for my property in Farnham Common. Conveyancing was finalised 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?

Your original mortgage agreement with HSBC will provide that you need their approval in advance of letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel lawyer.

I am purchasing a property and the lawyer has referenced Chancel Repair to which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Farnham Common

Unless a previous purchase of the house completed post 12 October 2013 you can take it that solicitors conducting conveyancing in Farnham Common to continue to propose a a chancel search and or chancel repair liability insurance.

Is it best to use a Farnham Common conveyancing lawyer based in the location that I am buying? I have an old university friend who can handle the conveyancing however his firm is located over three hundred kilometers drive away.

The benefit of a high street Farnham Common conveyancing firm is that you can drop in to execute documents, hand in your ID and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were impressed that should outweigh using an unfamiliar Farnham Common conveyancing lawyer just because they are round the corner.