My wife and I are purchasing a house in Oadby. I might seem paranoid but how we can trust a lawyer? At some point we have to send funds into their account. What protection do 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.
Are all Oadby Conveyancing Quality Solicitors on the UBS conveyancing list of approved firms?
Some major lenders now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
Last month we had a mortgage agreed in principle with Nationwide. Oadby conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide done the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We are close to exchanging contracts on the sale of our property in Oadby and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a national conveyancing outfit rather than a conveyancing solicitor in Oadby. We have lived in Oadby for six years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
2 months have gone by following my purchase conveyancing in Oadby completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Oadby benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not inform my conveyancer about this side-deal as it will jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey carried out on a house in Oadby prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some lenders may not issue a loan on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Oadby. Conveyancing will be smoother if you use a solicitor in Oadby especially if they regularly deal with such properties in Oadby.
How difficult is it to switch solicitor as I need to find one who is on the The Royal Bank of Scotland conveyancing list. I was using a high street conveyancing solicitor in Oadby five minutes from me but he is not accepted by The Royal Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Oadby on the The Royal Bank of Scotland panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Oadby. In making use of the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Oadby and beyond.