The property market in Lutterworth is heating up. What can I do to speed up matters?

In a situation where you are under pressure for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will benefit local connections and knowledge. It is even conceivable that they may have transacted otherproperties in the same street. You would be best advised to use a Lutterworth conveyancing firm. In addition, check that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that 18% of Lutterworth conveyancing transactions are frustrated or derailed after discovering a purchaser’s solicitor was not on their banks panel. This can often result in the legal transfer of property being delayed by an average of 21 days. It is said that this issue impacts in the region of one hundred thousand home moves annually. Most Lutterworth conveyancing firms can not represent certain mortgage companies so do check at the outset.

There are numerous conveyancing solicitors in Lutterworth but how do I know who I should use?

It would be unwise to be seduced by the lowest Lutterworth conveyancing fees. 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 go into the conveyancing with your eyes wide open.

I am assisting my step-mother sell her flat in Lutterworth. Does the conveyancer commission an EPC or it is for the seller to see to?

After the demise of Home Packs, EPC’s was retained a compulsory component of selling a house. An EPC must be commissioned prior to the property being placed on the market. This is not something that lawyers normally organise. If you are instructing a Lutterworth conveyancing solicitor they might help arrange EPC’s given their relationships with long established local providers

I have instructed a Lutterworth lawyer having made sure that they are on the Lloyds conveyancing panel. Does my lawyer arrange the survey of the property?

Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Lutterworth postcode. As you are getting a mortgage with Lloyds, you could contact them to see if they have a list of approved surveyors in Lutterworth.

How does conveyancing in Lutterworth differ for newly converted properties?

Most buyers of new build residence in Lutterworth approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Lutterworth typically purchase 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 Lutterworth or who has acted in the same development.

I need to instruct a conveyancing solicitor for residential conveyancing in Lutterworth. I've stumble upon a site which seems to have the perfect offering If there is a chance to get all the legals completed via email that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I have been advised by various friends that it should take up to two months for Lutterworth conveyancing to complete.This was 3 ago. The draft contract was only forwarded from the vendors property lawyer last week so now does it countdown?

You should be realistic concerning timelines. Conveyancing in Lutterworth usually takes about two months. This time period is not because property lawyer are slow and willfully delay matters. The level of money involved in purchasing any residence is so high, the buyer’s lawyer needing to raise a wide range of questions, searches and supplemental checks to protect the buyer and their lender (if there is to be a mortgage) from expensive, avoidable problems. These checks involves seeking information from a range of different parties, for example other lawyer, local councils, private companies, mortgage companies. Some of these are efficient. Others aren't. It is worth noting that, no matter how quickly your conveyancer do their work, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are up to speed.