My fiance and I are intent on purchasing property in Oakleigh Park. My Conveyancer is not listed on the mortgage company solicitor panel. Is it possible for me to continue with my Oakleigh Park conveyancing solicitor notwithstanding that they are not on the mortgage company panel?
Your options include
- Proceed with your chosen Oakleigh Park conveyancing practitioner but your mortgage company will no doubt instruct a conveyancer on their conveyancing panel. The net result is additional charges together with likely delay.
- Get a fresh solicitor to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to get accepted on the mortgage company panel of solicitors
How does conveyancing in Oakleigh Park differ for newly converted properties?
Most buyers of new build or newly converted property in Oakleigh Park come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Oakleigh Park usually purchase the site, 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 property lawyers 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 used to new build conveyancing in Oakleigh Park or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Oakleigh Park I like with open areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Oakleigh Park in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I was recommended by a number of property agents in Oakleigh Park to select a solicitor on your site. What’s the financial upside for Estate Agents to recommend your lawyers rather than another?
We don’t give any referral fee for sending work to this site. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
In my capacity as executor for the will of my grandmother I am selling a residence in Newport but I am based in Oakleigh Park. My conveyancer (who is 200 kilometers from meneeds me to sign a stat dec prior to completion. Could you suggest a conveyancing lawyer in Oakleigh Park to attest and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Oakleigh Park based
When it comes to my conveyancing in Oakleigh Park should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Oakleigh Park conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.