I am in a contract race with another prospective purchaser for a property in Tiverton. What can I do to expedite matters?
First, If the seller is applying pressure for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will have local relationships and knowledge. It is even conceivable that they could have handled previousproperties in the same street. You would be best advised to use a Tiverton conveyancing firm. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that 18% of Tiverton conveyancing deals are suspended or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s panel. This can often result in the legal process being delayed by almost three weeks. It is estimated that this issue impacts in the region of one hundred thousand home moves every year. Many Tiverton conveyancing firms can not represent certain mortgage companies so do check at the outset.
Do I have to pop into the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Tiverton so that I can pop in to their offices when needed.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to supply identification documents and there are still distinct benefits to instructing a local ayer, in your case a conveyancing solicitor in Tiverton.
Have completed on a a detached house in Tiverton , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Tiverton conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
There is nothing unique when it comes to conveyancing in Tiverton registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. As of today roughly 80% of submission are fully addressed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser has moved in to the premises so 'speed' is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor can contact the land registry and explain the circumstances.
I opted to have a survey carried out on a house in Tiverton in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not give a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tiverton. Conveyancing will be smoother if you use a solicitor in Tiverton especially if they are acquainted with such properties in Tiverton.
Is it best to choose a Tiverton conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can perform the conveyancing however they are based 200kilometers drive away.
The benefit of a local Tiverton conveyancing practice is that you can attend the office to execute paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Tiverton know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and the majority were impressed that should outweigh using an unknown Tiverton conveyancing lawyer solely due to them being local.