The housing market in Hitchin is heating up. What can I do to speed up matters?
In a situation where you are under time constraints to complete it is advisable to make sure that your solicitor is familiar with the location as they will benefit local contacts and intelligence. It is possible that they would have transacted previousproperties in the same street. You would be best advised to use a Hitchin conveyancing lawyer. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Hitchin conveyancing deals are delayed or jeopardised after discovering a purchaser’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being delayed by as much as three weeks. It is claimed that this issue affects approximately 100,000 home sales annually. Most Hitchin conveyancing firms can not act for certain mortgage companies so do check as early as possible.
Please explain the implications if my lawyer’s firm is removed from the Kent Reliance Conveyancing panel ahead of completing my conveyancing in Hitchin?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a two bedroom flat in Hitchin. Do I receive the keys to the property on the completion date from my lawyer? If so, I will instruct a local conveyancing solicitor in Hitchin?
On the day of completion you will not be required to go to the conveyancers office in Hitchin. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be called to receive the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
Are all Hitchin Conveyancing Quality Solicitors on the Coventry BS conveyancing panel?
A selection of banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
Completion of my purchase has taken place for my property in Hitchin. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial estate in Hitchin?
Many commercial conveyancing solicitors in Hitchin will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Hitchin. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hitchin.
For every commercial conveyancing transaction in Hitchin it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Hitchin commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Hitchin.
What does commercial conveyancing in Hitchin cover?
Hitchin conveyancing for business premises covers a wide range of services, provided by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.