We are purchasing our first property. The conveyancing practitioner has calledto check if we would like to purchase extra conveyancing searches. Unfortunately we are clueless as to what's appropriate for conveyancing in Highbury
The number and type of Highbury conveyancing searches should be dictated entirely on the property, the location, the possibility of any of these risks, your knowledge of the area and risks, your overall approach to risk. What matters is that you properly comprehend what information the searches could provide. You may then make a decision if you personally think you need that search. Should you be uncertain, ask the conveyancing practitioner to guide you.
We're in Highbury, First time buyers purchasing with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Highbury differ for new build properties?
Most buyers of new build property in Highbury approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Highbury typically acquire 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 Highbury or who has acted in the same development.
My father-in-law has encouraged me to appoint his conveyancing solicitors in Highbury. Should I use them?
No doubt it’s preferable to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually previously instructed the conveyancer that you are contemplating using.
There are a lot of properties in Highbury on unadopted lanes. My wife and I are purchasing one such house. Are there any advantages to buying a house on a privately owned road?
Highbury conveyancing practices will be used to dealing houseson private. The conveyancer should review the Land Registry data to identify any rights or responsibilities. In many cases there is a residents association that owners pay into to maintain the road. If there is one, the road should be maintained and look nicer than council owned.