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Hi
A few times I have bought properties at auction. Each time it has been a cash purchase.
My question is, seeing there is no mortgage and with auction properties, you have to accept the sellings documentation, i.e. - you can't raise queries, is it possible for me to do my own conveyancing?
I would imagine after exchange of contracts and paying the initial deposit when the hammer drops, it is just a case of signing the contracts and then paying the rest of the money 28 days later? I'm also capable of completing my own LandRegistry documentation and paying the stamp duty.
It frustrates me that I have to hand over about £500 each time, just for a conveyancer to send me a couple of forms to sign and then do a chaps transfer with the balance of the monies.
Grateful for any advice.
A few times I have bought properties at auction. Each time it has been a cash purchase.
My question is, seeing there is no mortgage and with auction properties, you have to accept the sellings documentation, i.e. - you can't raise queries, is it possible for me to do my own conveyancing?
I would imagine after exchange of contracts and paying the initial deposit when the hammer drops, it is just a case of signing the contracts and then paying the rest of the money 28 days later? I'm also capable of completing my own LandRegistry documentation and paying the stamp duty.
It frustrates me that I have to hand over about £500 each time, just for a conveyancer to send me a couple of forms to sign and then do a chaps transfer with the balance of the monies.
Grateful for any advice.
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