We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would much rather appoint a high street conveyancing solicitor in Rainhill?
You should check but the chances are that give you one of their panel solicitors should you want the "fee-free" offer. Speak to the bank to determine if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Rainhill.
Various web forums that I have come across warn that are the primary reason for delay in Rainhill conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Rainhill.
How does conveyancing in Rainhill differ for new build properties?
Most buyers of new build property in Rainhill approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Rainhill tend to acquire the land, 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 conveyancing solicitors 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 Rainhill or who has acted in the same development.
I am looking for a ground for flat up to £245,000 and found one near me in Rainhill I like with a park and station in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Rainhill in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
How do I search for a Rainhill solicitor on the Aldermore conveyancing panel? I have a car and am willing to travel upto 20miles to meet the conveyancer.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of Rainhill conveyancing lawyers based on proximity. We have detailed some Rainhill conveyancing firms towards the end of this page and you can call them to verify if they are on the Aldermore member panel