I am in a contract race with another prospective purchaser for a property in Gerrards Cross. What can I do to accelerate the legal process?
In the event that you are under a tight deadline to complete it is advisable to make sure that your lawyer is familiar with the area as they will have local contacts and intelligence. It is possible that they may have conducted otherhouses in the same street. You would be best advised to use a Gerrards Cross conveyancing solicitor. Second, double check that the conveyancing firm is on the member panel. It is believed that nearly one in five of Gerrards Cross conveyancing transactions are suspended or derailed after finding out that a buyer’s lawyer was not on their banks panel. This can often result in the legal transfer of property being frustrated by almost 21 days. It is believed that this issue affects in the region of 100,000 home moves every year. Almost all Gerrards Cross conveyancing firms can not act for certain mortgage companies so do check at the outset.
As someone unfamiliar with the Gerrards Cross conveyancing process what’s the number one tip you can give me for the house moving process in Gerrards Cross
You may not hear this from too many lawyers but conveyancing in Gerrards Cross and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there is plenty of opportunity for friction between you and others involved in the ownership transfer. E.g., the seller, property agent and on occasion the lender. Selecting a solicitor for your conveyancing in Gerrards Cross should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to look after your legal interests and to protect you.
We are witnessing a distinct creep of a "blame" culture- someone must be blamed for the process taking so long. We recommend that you should always trust your solicitor ahead of all other parties in the home moving process.
We expect to receive a AIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Gerrards Cross solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Gerrards Cross solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I am due to exchange contracts on my apartment. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Nationwide are being pedantic. The Gerrards Cross solicitor who is on the Nationwide conveyancing panel is recommending indemnity insurance as a solution but Nationwide are insisting on a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
After shopping around on the internet I have found a Gerrards Cross property lawyer having made sure that they are on the Nationwide conveyancing panel. Does my lawyer arrange the survey of the property?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Gerrards Cross postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Gerrards Cross.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Gerrards Cross 10 years ago are no longer around. What are my next steps?
In today’s world there are copies made of almost everything, and your lawyer will know precisely where to look for all the relevant documentation so you can buy or dispose of your house without a hitch. If copies can’t be located, your lawyer may be able to arrange cover in the form of insurance or indemnities against possible claims on your premises.
How does conveyancing in Gerrards Cross differ for newly converted properties?
Most buyers of new build property in Gerrards Cross approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Gerrards Cross typically buy the real estate, 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 accustomed to new build conveyancing in Gerrards Cross or who has acted in the same development.