The property market in Shoreham By Sea is heating up. What can be done to expedite the legal process?
Where the seller is applying time constraints to exchange it is advisable to make sure that your solicitor is familiar with the location as they will have local relationships and knowledge. It is even conceivable that they would have conducted otherproperties in the same road. You would be best advised to use a Shoreham By Sea conveyancing solicitor. In addition, ensure that the lawyer is on the member panel. It is said that 18% of Shoreham By Sea conveyancing deals are suspended or derailed after discovering a buyer’s lawyer was not on their banks panel. In many cases this discovery resulted in the conveyancing being held up by an average of 21 days. It is claimed that this issue impacts in the region of 100,000 home sales annually. Many Shoreham By Sea conveyancing firms can not represent certain mortgage companies so do check at the outset.
We note that you have a post code search directory identifying firms on the Co-operative conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Shoreham By Sea?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shoreham By Sea.
How does conveyancing in Shoreham By Sea differ for new build properties?
Most buyers of new build residence in Shoreham By Sea contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Shoreham By Sea usually purchase 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 Shoreham By Sea or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Shoreham By Sea I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Shoreham By Sea for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
We're novice buyers - agreed a price, but the property agent advised that the owners will only issue a contract if we appoint their recommended solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer used to conveyancing in Shoreham By Sea
It is highly unlikely the sellers are driving this. Should the seller require ‘a quick sale', alienating a genuine purchaser is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Shoreham By Sea conveyancing firm - not the ones that will give their negotiator at the agency a referral fee or hit his conveyancing thresholds set by senior management.