Much to our surprise we have been notified by our mortgage broker that my Hilsea solicitor is not on the lender Solicitor panel. How can I be certain whether this is indeed the case?
The first thing you need to do is to call your Hilsea conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may recommend you to a Hilsea conveyancing practice that is on the conveyancing panel for your mortgage company.
I require conveyancing for a flat in a fairly new development (seven years built) in Hilsea. 95% of the flats are already disposed of. Is it really necessary to order local searches as part of conveyancing in Hilsea?
You are opening yourself up to an unnecessary risk in failing carrying out Hilsea conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would absolutely advise in no uncertain terms that your solicitor conducts them. Where accelerating the process and price are top of your concerns you should discuss with your solicitor about the possibility of search insurance
We're in Hilsea, FTBs purchasing with a mortgage (lender is Santander , and our lawyer is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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 have todaybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Hilsea for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hilsea conveyancing specialists.
How does conveyancing in Hilsea differ for new build properties?
Most buyers of new build premises in Hilsea approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Hilsea usually acquire 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 accustomed to new build conveyancing in Hilsea or who has acted in the same development.