Can conveyancing in High Wycombe to be completed within 10 days?

In a situation where the seller is applying pressure for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will benefit local contacts and know-how. It is possible that they could have handled previoushouses in the same road. You would be best advised to use a High Wycombe conveyancing solicitor. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of High Wycombe conveyancing transactions are held up or jeopardised after discovering a purchaser’s solicitor was not on their banks panel. This can often result in the buying process being delayed by an average of three weeks. It is said that this issue impacts in the region of one hundred thousand home moves annually. Many High Wycombe conveyancing firms can not represent certain lenders so do check at the outset.

A friend suggested that if I am buying in High Wycombe I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is sometimes quoted for as part of the standard High Wycombe conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about High Wycombe around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the High Wycombe Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, High Wycombe Education with plans and statistics, Local Amenities and other useful information concerning High Wycombe.

How does conveyancing in High Wycombe differ for new build properties?

Most buyers of new build or newly converted property in High Wycombe come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in High Wycombe tend to acquire 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 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 High Wycombe or who has acted in the same development.

I decided to have a survey carried out on a property in High Wycombe prior to retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to issue a mortgage on a flying freehold home.

It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in High Wycombe. Conveyancing may be slightly more expensive based on your lender's requirements.

I have just started marketing my 2 bed apartment in High Wycombe.Conveyancing solicitors are to be appointed soon however I have just received a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?

The sensible thing to do is pay the maintenance contribution as you normally would as all rents and service charges should be apportionedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process