Various web forums that I have visited warn that are the main cause of stalling in Petersfield conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Petersfield.
I got the keys to my house on 6 June and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Petersfield expressed confidence that it will be registered inside ten days. Are titles in Petersfield particularly slow to register?
As far as conveyancing in Petersfield registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd parties. As of today roughly 80% of submission are fully addressed within 12 days but some can be subject to extensive hold-ups. Registration is effected once the buyer has moved in to the premises therefore registration formalities is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Petersfield differ for new build properties?
Most buyers of new build or newly converted property in Petersfield come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Petersfield tend to 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 Petersfield or who has acted in the same development.
We're first time buyers - had an offer accepted, yet the selling agent has warned us that the owners will only proceed if we instruct their preferred lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor used to conveyancing in Petersfield
It is improbable the vendors are behind this. Should the vendor desire ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Petersfield conveyancing firm - not the ones that will provide the estate agent a kickback or hit his conveyancing targets pre-set by senior management.
Do banks and building societies provide you with an approved list of Petersfield solicitors? How do you know who is on the mortgage company conveyancing panel?
Petersfield firms and firms carrying out conveyancing in Petersfield themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.