We're in Widnes, FTBs purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are purchasing a property and the lawyer has mentioned Chancel Repair to which the property could be liable because it falls into the area of such a church. She has recommended insurance. Is this really appropriate for conveyancing in Widnes
Unless a prior purchase of the premises completed after 12 October 2013 you could expect lawyers carrying out conveyancing in Widnes to continue to suggest a chancel search and or insurance against a claim.
I purchased my house on 13 September and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Widnes advises it will be recorded in less than a month. Are properties in Widnes particularly slow to register?
There is nothing unique about conveyancing in Widnes registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd parties. Currently roughly three quarters of submission are fully addressed within 12 days but some can be subject to longer hold-ups. Registration occurs once the new owner is living at the property thus an expedited registration is not always primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer should contact the land registry and explain the circumstances.
How does conveyancing in Widnes differ for new build properties?
Most buyers of new build property in Widnes come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Widnes 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 used to new build conveyancing in Widnes or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and found one round the corner in Widnes I like with amenity areas and railway links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Widnes for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.