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Find a Walkington Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Walkington? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Walkington transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Walkington

I was advised recently by my mortgage broker that my Walkington the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be certain whether this is indeed the case?

You need to call your Walkington conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a Walkington conveyancing firm that is on the conveyancing panel for your bank.

Our solicitor has discovered a a legal deficiency with the lease for the apartment we are buying in Walkington. The other side have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the bank?

Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. These conveyancing instructions must be adhered to.

Have completed on a a terraced house in Walkington , how long will it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Walkington conveyancing solicitor has been painfully slow, so I want to be sure that my name is recorded.

There is nothing unique about conveyancing in Walkington registration formalities. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether there are errors and if the Land registry need to notify any other parties. Currently in the region of 80% of submission are completed in less than three weeks but some can be subject to protracted hold-ups. Registration takes place once the new owner has moved in to the property thus 'speed' is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.

How does conveyancing in Walkington differ for newly converted properties?

Most buyers of new build or newly converted property in Walkington contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because developers in Walkington tend to purchase 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 conveyancing solicitors 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 Walkington or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Walkington is where the house is located. What do you suggest?

Flying freeholds in Walkington are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walkington you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walkington 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 residence.

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