We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to appoint a Didcot based conveyancing firm?
Do check but the the probability is that give you one of their panel solicitors should you take up the "fee-free" offer. Speak to the bank to determine if they allow a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Didcot.
A friend advised me that in buying a property in Didcot there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Didcot which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Didcot should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Does a directory service exist listing Kent Reliance panel solicitors in Didcot on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association websites. Very few lenders make their panel listings viewable online. Where you are looking for a Didcot property lawyer on the Kent Reliance please use our facility.
Planning on purchasing a house in Didcot. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Didcot solicitor is on the Clydesdale conveyancing panel.
Should our conveyancer be raising enquiries regarding flooding during the conveyancing in Didcot.
Flooding is a growing risk for conveyancers dealing with homes in Didcot. Plenty of people will purchase a house in Didcot, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, however there are a various checks that can be carried out by the purchaser or by their lawyers which should give them a better understanding of the risks in Didcot. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the owner to determine if the premises has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the owner, then a purchaser may commence a claim for damages resulting from an inaccurate answer. The buyer’s conveyancers should also commission an environmental report. This should higlight if there is a recorded flood risk. If so, more detailed investigations should be conducted.
I have justfound out that Action Conveyancing have closed. They conducted my conveyancing in Didcot for a purchase of a leasehold flat 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Didcot conveyancing specialists.
How does conveyancing in Didcot differ for new build properties?
Most buyers of new build or newly converted property in Didcot come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Didcot typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Didcot or who has acted in the same development.
Should I be wary by estate agents that I am dealing with are recommending a nationwide conveyancing firm as opposed to a local Didcot conveyancing firm?
As with many service providers, often suggestions from connections can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may recommend conveyancers to choose. Sometimes these lawyers might be known to one of the organisations as one of the best in their field, but occasionally there may be a financial incentive behind the endorsement. You have the right to appoint your preferred lawyer. However, bear in mind that most lenders have an approved list of lawyers you are obliged to use for the lender aspect of your house move.