Are the BSA intent on creating a searchable register to to identify practices on the Darlington Building Society conveyancing panel for example in March?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
I have been told that property searches are the number one reason for delay in March conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in March.
How does conveyancing in March differ for new build properties?
Most buyers of new build residence in March come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in March tend to buy 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 conveyancers 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 March or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one close by in March I like with open areas and station in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in March suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How simple is it to swap firm as I have to select one who is on the Alliance & Leicester conveyancing panel. I was using a high street conveyancing solicitor in March round the corner but she is not approved by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in March on the Alliance & Leicester panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in March. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in March.