Conveyancing and Property

Purchasing a Repossession Property

When a property is repossessed the lender selling the property will often impose very tight deadlines, sometimes only 21 days to exchange and 28 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 Grindeys 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.