The housing market in Harold Wood is hotting up. What can I do to expedite the conveyancing process?
Where you are under a tight deadline to complete it is advisable to make sure that your lawyer is familiar with the location as they will make use of local connections and knowledge. It is possible that they could have handled otherhomes in the same road. You would be best advised to use a Harold Wood conveyancing solicitor. In addition, be sure 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 Harold Wood conveyancing deals are suspended or jeopardised after discovering a buyer’s conveyancer was not on their mortgage lender’s list of approved solicitors. This can often result in the legal process being held up by almost three weeks. It is said that this issue impacts in the region of 100,000 home sales every year. Many Harold Wood conveyancing practices can not act for certain mortgage companies so do check as early as possible.
We note that you have a post code search directory listing firms on the Skipton conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Harold Wood?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Harold Wood.
If you had a top tip for choosing a conveyancing solicitor in Harold Wood what would it be?
It would be unwise to be swayed by the lowest Harold Wood conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
Last month we had a mortgage agreed in principle with Santander. Harold Wood conveyancing lawyers are instructed. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander done the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Harold Wood building society branch on various occasions and was advised it wasn't a problem and they would lend. My Harold Wood conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend in accordance with their published requirements. Who do I believe?
Your solicitor must comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Are there restrictive covenants that are commonly picked up during conveyancing in Harold Wood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Harold Wood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Should I be concerned about brokers that I am dealing with are suggesting an internet conveyancing firm rather than a High Street Harold Wood conveyancing company?
As with lots of service providers, often input from family and friends can be most helpful. Yet there are numerous people with a keen interest in a conveyancing matter; estate agents, financial adviser and banks may put forward lawyers to choose. On occasion these lawyers might be known to one of the organisations as being good in their field, but occasionally there might be a financial incentive behind the recommendation. You have the discretion to select your preferred conveyancer. You need to be aware that some lenders specify a panel list of law firms you must use for the mortgage related work in your conveyancing.