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At Stephensons our specialist conveyancing solicitors have carried out thousands of jobs for new build homes, particularly those sold as part of a development. We understand the differing process and time spans involved in this type of conveyancing as opposed to the purchase of pre-owned property. Call 01616 966 229 for free no obligation initial guidance from one of our legal advisors.
Due to our experience and the efficiencies that result from our case management system we can ensure that exchanges of contract are dealt with in a timely way and completion takes place within the period specified in the contract.
In addition to this we have experience of a specialist type of conveyancing, which in the current economic climate is becoming increasingly popular. Shared equity schemes are becoming more and more the purchasing choice of first time buyers. With shared equity, the first time buyer does not ‘share’ the ownership with another person. Instead they take out a mortgage and an equity loan. When the property is sold under this scheme the first time buyer has to repay the loans and the proportionate increase in the equity of the property to the lender of the equity loan.
Our residential property solicitors have experience over several years of dealing with a range of shared equity conveyancing schemes and we are able to advise clients on the full implications of these schemes. This is specialist area of conveyancing often not undertaken by many law firms due to the level of detail involved.
If first time buyers of houses on a development use individual solicitors, each firm of solicitors will go through the documentation and raise enquiries and queries. This is a duplication of work that will lead to delays for the builder.
Stephensons could look at the conveyancing collectively, going through the documentation in advance. In this way any enquiries and queries can be dealt with beforehand. If this was done, the benefit would be that as the individual properties were purchased the conveyancing for the buyer would be quicker and more efficient as the documents will have been approved in advance.
The purchaser is likely to gain a discount on conveyancing resulting from us not having to go through all of the documentation for each property as some documents will be the same due to the houses being on the same development.
If you would like more information on conveyancing for builders and developers contact our specialist conveyancing advisors on 01616 966 229 for free no obligation initial guidance, or request more information via our online enquiry form.
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