I just acquired a property at auction in Saxmundham. Conveyancing is necessary. What happens now?
Now that you are for all intents and purposes signed on the dotted line you now have to retain a conveyancing lawyer as a matter of priority as you now have a pending a drop dead date to complete the transaction. Every auction property will have a bespoke auction set of papers. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should hand this to the lawyer instructed by you ASAP. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Saxmundham conveyancing lawyers have been instructed. How long does it take for Nationwide to send the offer to the conveyancer?
There is no definitive answer here. Have Nationwide conducted the valuation? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have decided to exercise my right to buy my property in Saxmundham off the council. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
How does conveyancing in Saxmundham differ for new build properties?
Most buyers of new build premises in Saxmundham contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Saxmundham tend to buy 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 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 accustomed to new build conveyancing in Saxmundham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Saxmundham is the location of the property. What do you suggest?
Flying freeholds in Saxmundham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Saxmundham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Saxmundham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I was recommended by a couple of local estate agents in Saxmundham to find a conveyancer using your seach tool. Is there a financial upside for Estate Agents to market your site over alternative conveyancing organisations?
We don’t give any commission for directing people to this site. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Is it best to instruct a Saxmundham conveyancing solicitor based in the area that I am buying? I have an old university friend who can deal with the conveyancing however her office is 300miles away.
The benefit of a high street Saxmundham conveyancing firm is that you can attend the office to sign paperwork, hand in your identification documents and pester them where appropriate. They will also have local intelligence which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and the majority were happy that should outweigh using an unknown Saxmundham conveyancing lawyer solely due to them being based in the area.