We're in West Harrow, First time buyers 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 lawyer 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.
I require quick conveyancing in West Harrow as I am faced with a deadline to complete inside one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to do searches although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in West Harrow the following are examples of issues that can show up and adversely impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. West Harrow is the location of the property. What do you suggest?
Flying freeholds in West Harrow are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Harrow you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Harrow may determine 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 residence.
Should I be wary that estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street West Harrow conveyancing company?
As is the case with many professional services, often recommendations from relatives can be worth their weight in gold. Nevertheless there are lots of people with a keen interest in a conveyancing transaction; estate agents, financial adviser and banks may suggest lawyers to use. Sometimes these solicitors might be known to one of the organisations as being good in their field, but sometimes there might be a financial incentive behind the endorsement. You are free to select your own lawyer. However, bear in mind that most lenders have an approved list of conveyancers you have to use for the lender related work in your home move.
My father has encouraged me to instruct his conveyancing solicitors in West Harrow. Do I take his recommendation?
There are no two ways about it the best way to choose a conveyancing solicitor is to get feedback from friends or family who have experience in using the conveyancer you're are thinking of instructing.