I am in a contract race with another prospective purchaser for a property in Westbury. What can I do to expedite matters?
Where you are under a tight deadline to complete we would recommend that your solicitor is familiar with the area as they will benefit local connections and knowledge. It is possible that they may have handled otherproperties in the same neighbourhood. You would be best advised to use a Westbury conveyancing firm. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that 18% of Westbury conveyancing transactions are suspended or jeopardised after discovering a purchaser’s lawyer was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being delayed by as much as 21 days. It is estimated that this issue impacts approximately 100,000 home moves every year. Almost all Westbury conveyancing firms can not act for certain banks so do check as early as possible.
Do the Building Society Association intend to launch a online directory to to identify solicitors on the Coventry BS conveyancing panel for example in Westbury?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
What is the difference between a licensed conveyancer and conveyancing solicitor in Westbury
There are many registered licenced Conveyancers in Westbury and Solicitor partnerships in Westbury who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. They may both also deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I have decided to exercise my right to buy my property in Westbury off the council. I have a mortgage agreed with Yorkshire BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Barclays. Is it usual for Barclays to only issue the offer once my solicitor in Westbury is approved on their conveyancing panel? Barclays have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Westbury differ for newly converted properties?
Most buyers of new build or newly converted property in Westbury come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Westbury 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 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 Westbury or who has acted in the same development.
I need to appoint a conveyancing solicitor for my conveyancing in Westbury. I've land on a site which seems to have the ideal solution If there is a chance to get all the legals done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?