The property market in Nantyglo is hotting up. What can I do to expedite matters?
First, If you are under pressure to complete 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 could have handled previoushouses in the same neighbourhood. You would be best advised to use a Nantyglo conveyancing firm. In addition, check that the lawyer is on the member panel. It is claimed that nearly one in five of Nantyglo conveyancing transactions are held up or jeopardised after finding out that a purchaser’s solicitor was not on their banks member panel. This can often result in the transaction being held up by almost three weeks. It is understood that this issue affects in the region of one hundred thousand home sales every year. Many Nantyglo conveyancing firms can not represent certain banks so do check as early as possible.
My colleague suggested that if I am buying in Nantyglo I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Nantyglo conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Nantyglo around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Nantyglo Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Nantyglo Education with maps and statistics, Local Amenities and other useful data regarding Nantyglo.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Nantyglo is the location of the property. Can you offer any assistance?
Flying freeholds in Nantyglo are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Nantyglo you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nantyglo may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're first time buyers - agreed a price, yet the property agent advised that the seller will only move forward if we instruct the agent's preferred conveyancers as they need an ‘expedited deal’. We would rather use a family solicitor used to conveyancing in Nantyglo
It is unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Contact the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to use your preferred Nantyglo conveyancing firm - not the ones that will earn the negotiator at the agency a kickback or hit his conveyancing targets demanded by head office.
I have today had an offer accepted on a leasehold flat in Nantyglo and the estate agent that we are dealing with suggested his solicitor. She quoted £800 including VAT and 3rd party costs. Does this sound steep?
You should not rely on 1 estimate. You should seek like-for-like quotes for your conveyancing in Nantyglo. Then select one that you trust and crucially, is on the approved panel of the lender that you are sourcing your mortgage from.