I am under pressure from the owner of a property in Hellesdon to sign contracts within four weeks. What can I do to expedite matters?
In a situation where you are under a tight deadline for your conveyancing we would recommend that your conveyancer is familiar with the area as they will have local relationships and knowledge. It is even conceivable that they would have handled previoushouses in the same street. Therefore consider using a Hellesdon conveyancing solicitor. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Hellesdon conveyancing deals are frustrated or derailed after finding out that a purchaser’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the home move being held up by as much as three weeks. It is claimed that this issue impacts approximately one hundred thousand home moves every year. Almost all Hellesdon conveyancing practices can not act for certain banks so do check at the outset.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a quick, no chain conveyancing. Hellesdon is the location of the property. Can you shed any light on this issue?
Flying freeholds in Hellesdon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hellesdon you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hellesdon 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'm refinancing my current home to a buy to let loan with and I will use the ballance of the raised equity as a down payment on a second house. The location we are talking about is Hellesdon. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Do use our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are your lawyer should be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your desired outcome and needs.