I am in a contract race with another buyer for a property in Epsom. What can I do to expedite the conveyancing process?
In the event that the seller is applying time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will make use of local connections and knowledge. It is even conceivable that they could have conducted otherhouses in the same road. You would be best advised to use a Epsom conveyancing lawyer. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is understood that nearly one in five of Epsom conveyancing transactions are held up or derailed after finding out that a buyer’s solicitor was not on their banks panel. This can often result in the conveyancing being held up by an average of 21 days. It is believed that this issue impacts approximately one hundred thousand home moves annually. Many Epsom conveyancing practices can not act for certain lenders so do check as early as possible.
We are purchasing a flat and need a conveyancing solicitor in Epsom who is on the Nottingham approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Epsom.
How does conveyancing in Epsom differ for new build properties?
Most buyers of new build residence in Epsom come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Epsom usually buy 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 Epsom or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Epsom prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies tend refuse to grant a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Epsom. Conveyancing will be smoother if you use a solicitor in Epsom especially if they regularly deal with such properties in Epsom.
Am I best advised to appoint a Epsom conveyancing solicitor based in the location that I am purchasing? I have an old university friend who can handle the legal formalities but they are based over three hundred miles away.
The primary upside of using a high street Epsom conveyancing firm is that you can drop in to execute paperwork, present your identification documents and pester them where appropriate. They will also have local insight which is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must outweigh using an unfamiliar Epsom conveyancing lawyer solely due to them being local.