Buying A Repossessed Property
When a property is repossessed the lender selling the property will often impose very tight deadlines, sometimes only 21 days to exchange and a further 7 days to complete. In addition, the lender is under a legal duty to obtain the best possible price for a property and will take a higher offer at any time before exchange takes place. Compared to a standard conveyance, buying a repossessed property requires additional legal considerations, such as dealing with missing or incomplete information and insurance implications, which is why you need a solicitor who has experience in this type of purchase.
At Bleasdale & Co. Solicitors we understand that time is critical in these situations and whilst we will work quickly to meet the deadlines we will never compromise on protecting your interests.