We are purchasing a property with Clydesdale Bank, what do I need to consider?
Purchasers should be aware that some lenders have reduced their 'solicitor panel'. For buyers, this can result in significantly increased conveyancing costs. Homeward Legal, however, will act for many mortgage lenders, keeping buyers' legal costs to a minimum.
Can I agree a sale price without involving an estate agent or solicitor?
This depends on whether you have signed up with an estate agent and what agreement is already in place. While it might seem unfair if you’ve found a buyer outside of the estate agency process and you’re expected to still pay the agent their fees on sale, you should be very careful about stepping outside the agreed terms and conditions since this is legally binding and you may face penalties as a result. Therefore, if you want to follow this course, it’s worth checking the details with a solicitor to ensure you’re following the letter of the law.
If you’re not with an agent, you can publicise your house details with a number of publications and online sites (some are free, others require a fee), but you’ll need to do all the legwork and administration. For a legal standpoint, you don’t need to appoint a solicitor to perform the conveyancing, but it would be an unwise option to pursue as you will probably have neither the training or experience in some its complexities, and you won’t have the protective indemnity insurance in the event of a problem arising with your work.
Will the Kibworth conveyancing solicitor report on the potential risk of local flooding in the Kibworth area?
A vital component in the legal procedure of buying a property involves a conveyancing solicitor making an application for environmental searches that set out certain details about the Kibworth area flood risk.
Should you get a chancel search? We are purchasing a home next to priory land in Kibworth.
As a result of chancel repair liability, the owners of property in Kibworth which was once owned by a 'lay rectors' can be liable for repairs to a local church. As a result of the Land Registration Act 2002, interest over any affected land must be registered by October 2013. This will make it easier to identify affected property through a chancel search.
How long does it take to move house?
Those new to buying property are often surprised by how long the process can take from start to finish. There are several factors that come into play when determining how long your transaction will take from having your offer accepted to moving into your new home: The number of people involved in the chain (the shorter it is, the easier to manage and therefore shorter in duration potentially), problems with one or more buyers in the chain getting a mortgage offer, communication, management and many others.
The greatest time that needs to be set aside is for the conveyancing, which is the complex legal process of transferring ownership of the property from seller to buyer, replicated along the entire chain. Typically, the conveyancing can take an average of between eight and twelve weeks to complete, so, in reality, you should be thinking in terms of months.
However, if you appoint a results-focused and proactive solicitor, who will do everything possible to reduce the length of time, including talking to everyone involved in the chain, pushing for swift return of forms and documentation, and using modern technology to drive the process forward, you will stand a better chance of the conveyancing being a lot shorter. And the earlier you appoint them, the quicker they can get started on your transaction.
Looking for great conveyancing where our solicitors work hard to deliver your completion as early as possible? Call Homeward Legal on 0800 038 6699 to find out how low our fees are.