I need some expedited conveyancing in Lancaster as I am under an ultimatum to sign on the dotted line inside 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to have searches carried out although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Lancaster the following are examples of issues that can show up and adversely affect the marketability of the property: Enforcement Notices, Overdue Fees, Overdue Grants, Railway Schemes,...
How does conveyancing in Lancaster differ for new build properties?
Most buyers of new build property in Lancaster approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Lancaster tend to buy 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 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 accustomed to new build conveyancing in Lancaster or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Lancaster in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend not give a loan on this type of property.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lancaster. Conveyancing will be smoother if you use a solicitor in Lancaster especially if they are familiar with such properties in Lancaster.