We're in Honor Oak, First time buyers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property 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 completed on my flat on 9 January and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Honor Oak said it would be registered in less than a month. Are properties in Honor Oak particularly slow to register?
There is nothing unique about conveyancing in Honor Oak registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and if the Land registry communicate with any interested parties. Currently roughly 80% of submission are completed within two weeks but some can be subject to longer hold-ups. Registration takes place after the new owner is living at the premises thus an expedited registration is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Honor Oak differ for new build properties?
Most buyers of new build premises in Honor Oak come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Honor Oak typically acquire the site, 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 Honor Oak or who has acted in the same development.
Given that I will soon part with £400,000 on a garden flat in Honor Oak I wish to talk to a conveyancer about myhome move before appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your conveyancing in Honor Oak.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Honor Oak should be the amount on the final invoice that you are charged.
My wife is purchasing a leasehold property in Honor Oak. Conveyancing estimates are coming in at around £1800. Is that reasonable?
The average cost in 2014 for conveyancing in Honor Oak was just over one thousand four hundred and fifty pounds not including Land Tax and HM Land Registry charges.