Do the conveyancing lawyers via your comparison service conduct conveyancing in Walkden by way of an attended exchange?
There are a few conveyancing specialists carrying out one day exchanges. Do contact us to obtain a fee calculation and details as to dates.
I had intended to instruct a property lawyer in Walkden for our home move. Our financial adviser informed us that our mortgage company Norwich and Peterborough Building Society won't deal with them. Surely this is unfair competition?
A decade ago most banks had a different appetite for risk. Almost all Walkden conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more data from law firms regarding their operations and their employees and set certain criteria such a completing on a minimum number of conveyancing. Many Walkden conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Walkden is one of the many locations where the conveyancers we recommend are are authorised to act for Norwich and Peterborough Building Society.
I have been told that property searches are a common cause of hinderance in Walkden conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Walkden.
How does conveyancing in Walkden differ for newly converted properties?
Most buyers of new build premises in Walkden approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Walkden usually acquire the real estate, 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 accustomed to new build conveyancing in Walkden or who has acted in the same development.
My step-father has urged me to instruct his conveyancing solicitors in Walkden. Do I take his guidance?
No doubt the ideal way to choose a conveyancing solicitor is to have recommendations from friends or family who have actually experience in using the conveyancer that you are considering.