My fiancee and I are purchasing our first property. Our conveyancing practitioner has contact usto ask if we would like to order additional conveyancing searches. As novices we in the dark as to what's needed for conveyancing in Silvertown
The extent of Silvertown conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your familiarity of the locality and risks, your overall approach to risk. What is important is that you properly understand what information each search could provide. Then you can make a decision if you consider that you need that search. If unclear, ask your conveyancing practitioner to recommend.
How does conveyancing in Silvertown differ for new build properties?
Most buyers of new build or newly converted property in Silvertown contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Silvertown usually buy 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 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 used to new build conveyancing in Silvertown or who has acted in the same development.
I opted to have a survey done on a property in Silvertown ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks will refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Silvertown. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Silvertown to see if the conveyancing costs will increase in light of this.
I need to instruct a conveyancing solicitor in Silvertown for my house move. Can I see a firm’s complaints history with the profession’s regulator?
One can read documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training purposes.
How much experience do your Silvertown conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Silvertown conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Silvertown conveyancers have worked on recent similar matters.