Is it realistic for conveyancing in Longridge to be completed in 10 days?

First, If the seller is applying pressure for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will benefit local contacts and know-how. It is possible that they would have handled otherhouses in the same neighbourhood. You would be best advised to use a Longridge conveyancing firm. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is claimed that just under twenty per cent of Longridge conveyancing transactions are held up or jeopardised after finding out that a purchaser’s solicitor was not on their banks panel. In many cases this discovery resulted in the conveyancing being delayed by an average of three weeks. It is said that this issue affects approximately one hundred thousand home moves every year. Almost all Longridge conveyancing practices can not represent certain mortgage companies so do check as early as possible.

We're in Longridge, First time buyers buying with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.

What can a local search tell me concerning the property my wife and I buying in Longridge?

Longridge conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example PSG The local search is essential in every Longridge conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.

I have been recommended by a number of selling agents in Longridge to select a solicitor using your seach tool. Is there a financial inducement for Estate Agents to promote your services over and above another?

We don’t offer any referral fee for sending work our way. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

I have miscalculated my finances and am a few thousand pounds short a 10% deposit on my flat purchase in Longridge , but I am anxious proceed. What can I do?

You can agree a lower deposit. Most vendors will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment