Just acquired a semi-detached house in Lynton , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Lynton conveyancing solicitor has been painfully slow, so I want to check the post completion formalities are dealt with.
There is nothing unique when it comes to conveyancing in Lynton registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd persons or bodies. Currently in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration is effected once the buyer is living at the premises thus post completion formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Lynton differ for new build properties?
Most buyers of new build premises in Lynton come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Lynton tend to acquire the land, 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 used to new build conveyancing in Lynton or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Lynton ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some lenders will refuse to issue a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lynton. Conveyancing will be smoother if you use a solicitor in Lynton especially if they regularly deal with such properties in Lynton.
How easy is it to use your search app to find a conveyancing solicitor in Lynton on the panel for my bank?
Step one is to select a lender such as HSBC Bank, Bank of Scotland or Barclays Direct then specify your preferred area a common one being Lynton. Conveyancing organisations in Lynton and nationally should be listed.
I was told by my bank that their approved solicitors operate no sale no fee basis for conveyancing in Lynton. Our purchase aborted yet the conveyancers want search fees! They say the fees are seperate!
in offering "no move no fee" Lynton conveyancing practices are waiving their charges for any work done. We must stress this does not constitute an insurance scheme. you will still need to cover any charges that your conveyancer has incurred for you such as Lynton local authority searches