The property market in Ashington is heating up. What can I do to expedite matters?
In the event that you are under pressure for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will make use of local relationships and know-how. It is possible that they would have handled otherproperties in the same road. Therefore consider using a Ashington conveyancing firm. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Ashington conveyancing transactions are delayed or derailed after finding out that a buyer’s conveyancer was not on their banks panel. This can often result in the legal transfer of property being frustrated by almost 21 days. It is estimated that this issue affects approximately one hundred thousand home sales annually. Most Ashington conveyancing firms can not represent certain banks so do check at the outset.
My partner and I are selling our house in Ashington and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Ashington conveyancer would know this is not the case. It does beg the question why the purchasers used an internet conveyancing practice rather than a conveyancing solicitor in Ashington. Having lived in Ashington for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Ashington is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ashington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ashington you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ashington may decide 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 premises.
I need to instruct a conveyancing solicitor for some conveyancing in Ashington. I happened to stumble across a web site which appears to be the perfect offering If it is possible to get all this stuff done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
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?
We are planning to purchase a four bedroom bungalowin Ashington with a loan from a mortgage company. We like our lawyer in Ashington yet our mortgage company advise she’s not listed on their "panel". Apparently we need to choose one of the our bank panel solicitors or stay with our Ashington solicitor and incur the extra fees for one of their panel ones to represent our bank. This seems very unfair; Can we not simply insist that our bank use our Ashington lawyer?
No, not really. The mortgage company home loan offered to you is subject to conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most banks had large numbers of law firms on their panels, including most conveyancing solicitors in Ashington : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.