It has come to my attention via my estate agent that my Loxford solicitor is not on the lender Conveyancing panel. How can I check?
The first thing you need to do is to call your Loxford conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
My partner and I have recently bought a house in Loxford. We have noticed several problems with the property which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been carried out for conveyancing in Loxford?
The query is vague as to the nature of the problems and if they are relate to conveyancing in Loxford. Conveyancing searches and due diligence initiated during the legal transfer of property are carried out to help avoid problems. As part of the process, the vendor completes a questionnaire called a Seller’s Property Information Form. If the information ends up being inaccurate, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Loxford.
My Conveyancer in Loxford is not listed on the Chelsea Building Society Conveyancing Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the Chelsea Building Society approved list?
Your options are as follows:
- Complete the purchase with your preferred Loxford lawyers but Chelsea Building Society will need to use a lawyer on their panel. This will result in additional overall legal fees as well as result in delays.
- Find a new practitioner to act in the purchase, not forgetting to check they are on the Chelsea Building Society panel
We are purchasing a flat in Loxford. It might be a silly question but how we can trust a solicitor? On completion day we have to deposit funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Bank of Ireland, do Loxford lawyers have to pay a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
My wife and I are spending time viewing flats in Loxford and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Aldermore.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Aldermore, ask your prospective lawyers if they are on the Aldermore conveyancing panel otherwise they can't do the mortgage legal work.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Loxford I like with a park and station in the vicinity, however it's only got 61 years on the lease. There is not much else in Loxford in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Given that I am about to spend £400,000 on a property in Loxford I would like to have a conversation with the conveyancer concerning theconveyancing before appointing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your conveyancing in Loxford.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Loxford should be the figure that you are charged.