Hello All,
I am buying my first property, have my offer accepted and mortgage ready to go.
Basically everything is ready to go however the 'Local Search' has not yet been received.
I am due to complete and exchange on Wednesday and my solicitor has requested the deposit money and other legal feeds which I have now transferred/paid in full.
I was told that we could still complete and exchange on Wednesday WITHOUT the Local Search and was advised by the solicitor that I can take out an insurance policy for £29 to cover not having received the local search in the interim.
I was not told what the insurance is called nor how long it will last or any more specific details.
Is this approach an acceptable one? My only fear is that the Solicitor will stop chasing the search agency after Wednesday/completion - since I have transferred all the monies they will have little incentive to push for the local search response.
any advice on next steps would be appreciated, i'm a newby to dealing with conveyancers!
I am buying my first property, have my offer accepted and mortgage ready to go.
Basically everything is ready to go however the 'Local Search' has not yet been received.
I am due to complete and exchange on Wednesday and my solicitor has requested the deposit money and other legal feeds which I have now transferred/paid in full.
I was told that we could still complete and exchange on Wednesday WITHOUT the Local Search and was advised by the solicitor that I can take out an insurance policy for £29 to cover not having received the local search in the interim.
I was not told what the insurance is called nor how long it will last or any more specific details.
Is this approach an acceptable one? My only fear is that the Solicitor will stop chasing the search agency after Wednesday/completion - since I have transferred all the monies they will have little incentive to push for the local search response.
any advice on next steps would be appreciated, i'm a newby to dealing with conveyancers!
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