I am buying a property without a mortgage in Badsey. I have been residing for the previous twelve years in Badsey. Conveyancing searches are exorbitant. Given that I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the Badsey conveyancing searches are non-obligatory. Your solicitor will try and sway you, no-doubt strongly, that you should have searches completed, but he is duty bound to do this. One thing to consider; if you are going to dispose of the house one day, it will likely be be of interest to your prospective buyer what the searches determine. Sometimes houses with day to day issues can still reveal unfavourable search results. A good conveyancing solicitor in Badsey will provide you some sensible guidance here.
We're in Badsey, First timers purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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 apartment in Badsey. It might be a silly question but how we can trust a lawyer? On completion day we have to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have decided to exercise my right to buy my property in Badsey off the council. I have a mortgage agreed with HSBC. 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 HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Completion of my remortgage has taken place for my property in Badsey. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
How does conveyancing in Badsey differ for new build properties?
Most buyers of new build premises in Badsey come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Badsey typically acquire the land, 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 Badsey or who has acted in the same development.
Do I stop my mortgage payments with UBS once a completion date for my sale in Badsey has been agreed?
No, you should continue meeting any mortgage sums to UBS pending the mortgage being paid off out of the proceeds of sale as part of your Badsey conveyancing.