Have just purchased a probate house at auction in Collier Row. Conveyancing is necessary. What happens now?

Now that you are exchanged you now have to appoint a conveyancing solicitor soon as you are faced with a pending a drop dead date to complete the purchase. An auction property should have a bespoke auction set of papers. This will likely include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must hand this to the conveyancer working for you at the earliest opportunity. You also need to ensure that you have funds in place to complete the transaction on the set completion date.

I have been told by my solicitor that lack of planning permission insurance is necessary on my purchase. What is the level of cover for Collier Row conveyancing?

The appropriate level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Santander and Barnsley Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.

We had appointed conveyancing lawyers locally in Collier Row on the HSBC solicitor panel. They are now charging me a supplemental amount for the legal aspects of the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?

Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancer can levy a fee for this. The fee is not dictated by HSBC but by your Collier Row conveyancer. Plenty of firms on the HSBC panel will levy ’dealing with mortgage’ fee but many firms include it on their overall fee.

I need some fast conveyancing in Collier Row as I have a deadline to sign on the dotted line within one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?

As you are not obtaining a home loan you are at free not to have searches carried out although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in Collier Row the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...

I purchased my flat on 6 August and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Collier Row said it should be dealt with in a couple of weeks. Are titles in Collier Row particularly slow to register?

There is nothing unique about conveyancing in Collier Row registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. Currently approximately three quarters of such applications are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Historically registration occurs after the new owner is living at the premises thus 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers can contact the land registry and explain the circumstances.

How does conveyancing in Collier Row differ for new build properties?

Most buyers of new build residence in Collier Row approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because developers in Collier Row tend to purchase 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 Collier Row or who has acted in the same development.

Should I stop the direct debit for my mortgage with Kent Reliance as soon as a completion date for my sale in Collier Row has been set?

You are best advised to keep paying any mortgage payments to Kent Reliance pending the mortgage being redeemed on completion as part of your Collier Row conveyancing.