I require expedited conveyancing in Welling as I have a deadline to sign on the dotted line within one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at free not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Welling the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Welling differ for new build properties?
Most buyers of new build premises in Welling come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because house builders in Welling 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 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 Welling or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Welling prior to appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend refuse to issue a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Welling. Conveyancing may be slightly more expensive based on your lender's requirements.
I was advised by a number of property agents in Welling to choose a conveyancer on your site. Is there a financial inducement for Estate Agents to promote your lawyers over and above a competitor’s?
We refuse to offer any financial incentive for sending work to this site. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I have today had an offer accepted on an apartment in Welling and the broker that we are dealing with suggested his lawyer. They quoted nine hundred pounds plus VAT and disbursements. Does this sound like a good deal?
You should not rely on a single estimate. You should seek like-for-like quotes for your conveyancing in Welling. Then select one that you are comfortable with and crucially, is on the approved list of the bank that you are sourcing your mortgage from.