My husband and I are acquiring property in Oakham. My Solicitor is not listed on the mortgage company approved panel. Am I still permitted to use my Oakham conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
Your options include
- Carry on with your existing Oakham conveyancing practitioner but your bank will no doubt use a lawyer on their conveyancing panel. This will result in additional fees together with likely interruption.
- Choose a new solicitor to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to get accepted on the lender’s panel of solicitors
My wife and I have just bought a property in Oakham. We have noticed several problems with the property which we suspect were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in Oakham?
The question is vague as to the nature of the problems and if they are specific to conveyancing in Oakham. Conveyancing searches and due diligence initiated during the buying process are supposed to help avoid problems. As part of the legal transfer of property, a property owner answers a document known as a Seller’s Property Information Form. answers turns out to be incorrect, then you may have a claim 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 Oakham.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to use a specialised conveyancing solicitor in Oakham?
Do check but the chances are that appoint one of their panel conveyancers if you take up the "fee-free" offer. Speak to the bank and ask if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Oakham.
A relative recommended that where I am buying in Oakham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Oakham conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Oakham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Oakham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Oakham Education with maps and statistics, Local Amenities and other useful information regarding Oakham.
Is it simple use your search app to find a conveyancing practitioner in Oakham on the authorised to act for my bank?
First select a mortgage company such as Birmingham Midshires, Norwich and Peterborough Building Society or TSB then type in your location e.g. Oakham. Conveyancing practices in Oakham and across England and Wales should be shown.
I’m about to sell my garden apartment in Oakham. Conveyancing is yet to be initiated, however I have recently had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal as all ground rent and service invoices will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Oakham Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? It is important to be aware whether a new roof is being put on or some other major work is due in the foreseeable future that will be shared amongst the tenants and may well dramatically increase the the service fees or require a specific invoice.