The housing market in Shenstone is heating up. What can be done to quicken up the buying process?
In a situation where the seller is applying a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will have local contacts and intelligence. It is even conceivable that they would have transacted previoushouses in the same road. Therefore consider using a Shenstone conveyancing solicitor. In addition, double check that the conveyancing firm is on the lender panel. It is estimated that just under twenty per cent of Shenstone conveyancing transactions are suspended or derailed after finding out that a buyer’s solicitor was not on their mortgage lender’s member panel. This can often result in the conveyancing being frustrated by almost three weeks. It is said that this issue affects in the region of one hundred thousand home sales annually. Almost all Shenstone conveyancing firms can not represent certain lenders so do check as early as possible.
Having sold my house in Shenstone last August but the buyer keeps whats apping me complaining that his conveyancer needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your sale your lawyer is duty bound to deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor must also confirm that the mortgage has been repaid to the purchasers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Shenstone.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Shenstone. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
If you plan to refinance then Co-operative will require that you use a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
How does conveyancing in Shenstone differ for newly converted properties?
Most buyers of new build or newly converted property in Shenstone come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Shenstone usually purchase the site, 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 property lawyers 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 Shenstone or who has acted in the same development.
I am using a search engine for the phrase on line conveyancing in Shenstone it brings up numerous property lawyersin the area. With so much choice what is the best way to find the suitable conveyancer for me?
The preferential way of seeking the right conveyancer is via trusted referral, so ask colleagues and relatives who have acquired a property in Shenstone or a respected estate agent or mortgage broker. Fees for conveyancing in Shenstone differ, so it's a good idea to obtain a minimum of three fee calculations from varying types of property lawyers. Be sure to seek confirmation that the fees are fixed.