We wanted to use a conveyancing solicitor in Sale for our house move. Our broker has since notified us that our mortgage lenders Britannia won't deal with them. Surely this is unfair competition?
Pre- 2008 most mortgage companies had an appetite for risk which was higher than today. Almost all Sale conveyancing firms would have been on many mortgage company panels. The financial services regulator in 2010 completed a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms about their operations and the individuals who work for them as well as establishing certain criteria such a completing on a minimum number of conveyancing. Many Sale conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Sale is amongst the hundreds of areas where the lawyers we recommend are are approved Britannia.
How does conveyancing in Sale differ for newly converted properties?
Most buyers of new build residence in Sale approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Sale usually purchase 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 Sale or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Sale is the location of the property. Is there any guidance you can impart?
Flying freeholds in Sale are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sale you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sale may ascertain 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 am a sole trader looking to take over a lease of a shop on a shopping parade. Can you recommend solicitors offering competitive charges for commercial conveyancing in Sale for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Sale, including the disposal and purchase of businesses as well as simply property. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right solicitor. As for the charges this will depend on the structure and nuances of the proposed transaction. Let us have your details or call us so that we can provide you with comprehensive commercial conveyancing calculation.
I need to find a conveyancing solicitor for remortgage conveyancing in Sale. I've discover a site which looks to be the ideal solution If it is possible to get all formalities done via phone that would be ideal. Should I be concerned? 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?