I am obtaining a mortgage offer from Lloyds. I would like to enlist the help of a Licensed Conveyancer in Ludlow. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Will lawyers ask for an advanced payment for my conveyancing in Ludlow?
Where you are retaining lawyers for conveyancing in Ludlow your solicitor will ask you to provide them with funds to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this will be required shortly prior to exchange of contracts. The final balance that is due should be sent to your lawyer a couple of days prior to the day of completion.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a house in Ludlow?
Unless a previous purchase of the house took place post 12 October 2013 you can take it that lawyers handling conveyancing in Ludlow to continue to advocate a chancel search and or chancel repair liability policy.
How does conveyancing in Ludlow differ for new build properties?
Most buyers of new build residence in Ludlow approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Ludlow tend to 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 conveyancing solicitors 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 Ludlow or who has acted in the same development.
My husband and I are new on the property ladder - had an offer accepted, yet the selling agent advised that the vendor will only issue a contract if we use the agent's recommended lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Ludlow
It is improbable the sellers are behind this. Should the vendor require ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make the point that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to use your preferred Ludlow conveyancing solicitors - rather thanthose that will provide the estate agent a commission or achieve conveyancing targets set by senior management.