I have given 2 months notice to my existing landlord and must be out of my rented flat in Shropshire by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, notify to your lawyer and urge them to they seek the assistance the sellers lawyers, try to an agreed time frame that everyone will aim to achieve
I had intended to instruct a property lawyer in Shropshire for our home move. Our financial adviser has since notified us that our mortgage company Birmingham Midshires won't deal with them. Why is this not regarded as unfair competition?
A lender can insist on a panel conveyancer act for it. You would be liable to meet the cost of this. Please make use of our directory service to get a quote from a solicitor to carry conveyancing in Shropshire on the Birmingham Midshires approved list of solicitors.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Shropshire is where the house is located. What do you suggest?
Flying freeholds in Shropshire are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shropshire you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shropshire may determine 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 property.
I'm refinancing my existing property to a BTL mortgage with Birmingham Midshires and I will use the rest of the raised equity as a down payment on another house. The area we are looking at is Shropshire. Will your conveyancers be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our search tool on this page to ensure that the lawyers are on the appropriate lender panels. Assuming that they are your lawyer should be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make clear your expectations and requirements.
We have been advised by various estate agents to expect six to eight weeks for Shropshire conveyancing to complete.This was a month ago. The paperwork was only sent to my lawyer last week so does the time start running now?
Do not count on moving on a specific date until contracts are exchanged. Whatever promises the people you are purchasing from or selling to make, or your mortgage broker gives don't count on them. More frustration is caused to home movers by unfulfilled promises than any other factor when it comes to conveyancing in Shropshire.