Various online forums that I have frequented warn that are the number one cause of delay in Fishguard house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Fishguard.
How does conveyancing in Fishguard differ for new build properties?
Most buyers of new build property in Fishguard approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Fishguard tend to 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 property lawyers 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 Fishguard or who has acted in the same development.
I opted to have a survey done on a house in Fishguard before appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders may not give a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Fishguard. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fishguard to see if the conveyancing will be more expensive.
My husband and I are new on the property ladder - had an offer accepted, yet the agent told us that the owners will only go ahead if we use the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is accustomed to conveyancing in Fishguard
We suspect that the seller is unaware of this ultimatum. If they require ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your preferred Fishguard conveyancing firm - rather thanthose that will give the negotiator at the agency a introducer fee or hit his conveyancing thresholds demanded by corporate headquarters.
I am buying a ground floor apartment in Fishguard. Conveyancing lawyer is waiting for, from the seller, building insurance schedule. This morning I was informed that the owner needs to send the insurance documents for the flat above also. Why would my conveyancer want to review the insurance for the other flat? Is it strictly necessary? We have been waiting for the previous three weeks…
It is not impossible in leasehold conveyancing in Fishguard to discover Conveyancing in Fishguard in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the freeholder insuring the whole property - which is definitely better. Do contact your conveyancer but it would appear that your conveyancing practitioner is attempting to verify that the entire building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance.