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Recently asked questions about conveyancing in Stretton

It may have been a long time coming a loan offer from Santander for the refinancing of my single room flat is coming any day now. Can you suggest a cheap conveyancing solicitor in Stretton?

You have come to the wrong place to search for a cheap conveyancing solicitors in Stretton. Our aim is to provide affordable conveyancing but we do not work with the cheapest lawyers. Do not be fooled by organisations offering £100 conveyancing in Stretton. Optimistically, in deciding on cheap conveyancing, you will receive what you pay for and at worst you will end up being stung for additional fees and still not end up with the service you were hoping for.

The sellers of the property we are looking to purchase are using a conveyancing solicitor in Stretton who has insisted on a preliminary contract with a down payment of 5k. Are such agreements sensible?

This form of preliminary agreement isn't common in Stretton, conveyancers are often found to veer clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the owner has signed a lock out contract they will complete the sale with you. They may be motivated to break the agreement if they receive a large enough financial inducement to do so because an aggrieved buyer with the benefit of a lockoutcontract will still be duty bound to establish consequential losses from the breach and this may not equate the extra amount that your vendor may gain by reneging on the contract, however morally reprehensible it undoubtedly is.

I purchased my home on 10 April and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Stretton expressed confidence that it will be recorded in a couple of weeks. Are properties in Stretton uniquely lengthy to register?

There is nothing unique about conveyancing in Stretton registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether there are errors and whether the Land registry need to notify any interested parties. At present in the region of 80% of such applications are fully dealt with within 12 days but some can be subject to longer hold-ups. Historically registration takes place once the buyer has moved in to the premises therefore 'speed' is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.

How does conveyancing in Stretton differ for new build properties?

Most buyers of new build or newly converted property in Stretton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Stretton tend to purchase 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 accustomed to new build conveyancing in Stretton or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Stretton is where the house is located. Can you shed any light on this issue?

Flying freeholds in Stretton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stretton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stretton 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 property.

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Find out more about how flying freehold can affect your the value of a property.