I am under pressure from the mortgagee in possession of a property in Paddington to complete within four weeks. What can I do to hasten the buying process?
In a situation where you are under a tight deadline for your conveyancing it is highly recommended that your conveyancer is familiar with the location as they will make use of local relationships and intelligence. It is even conceivable that they may have handled otherhouses in the same road. You would be best advised to use a Paddington conveyancing firm. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is understood that 18% of Paddington conveyancing transactions are delayed or jeopardised after discovering a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the conveyancing being held up by an average of 21 days. It is estimated that this issue affects in the region of one hundred thousand home moves annually. Most Paddington conveyancing firms can not act for certain mortgage companies so do check as early as possible.
I acquired my house on 10 February and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Paddington advises it should be dealt with in a couple of weeks. Are titles in Paddington particularly slow to register?
There is nothing unique when it comes to conveyancing in Paddington registration formalities. Rather than based on location, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry communicate with any other parties. As of today roughly three quarters of such applications are completed within 12 days but some can be subject to longer delays. Registration takes place once the new owner is living at the property therefore an expedited registration is not usually top priority but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
My husband and I are novice buyers - agreed a price, yet the selling agent advised that the vendor will only move forward if we instruct the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Paddington
We suspect that the seller is not behind this request. If they require ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Paddington conveyancing firm - not the ones that will earn their negotiator at the agency a commission or hit his conveyancing targets pre-set by head office.