Me and my fiance are purchasing a 1 bedroom flat in Old Oak Common with a mortgage. We have a Old Oak Common solicitor, however the bank advise she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or retain our Old Oak Common solicitor and pay for one of their panel lawyers to represent them. This feels very unfair; are we not able to insist that the bank use our Old Oak Common property lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Old Oak Common conveyancing solicitor to apply to be on the conveyancing panel.
Would the conveyancing practitioners revealed via your ’find a lawyer’ tool handle right to buy conveyancing in Old Oak Common?
We work with numerous conveyancing solicitors carrying out right to buy conveyancing Do contact the solicitors listed with a view to secure a conveyancing quote.
Can your site be used to recommend a Conveyancing solicitor in Old Oak Common even if I’m not purchasing or disposing of a house, for instance where I wish to buy a shop in Old Oak Common with a mortgage from Leeds Building Society?
Our search tool is primarily there to locate residential conveyancing solicitors in Old Oak Common but we have recorded at the bottom of this page some Old Oak Common commercial conveyancing firms. You will need to make contact with the firm directly to establish if they can also act for Leeds Building Society
My bank has suggested solicitors on their panel based in Old Oak Common but I would rather instruct a conveyancing lawyer in Old Oak Common or nearer to where I live. Are you able to help?
It is by no means the case that all Old Oak Common conveyancing firms are on all lender’s conveyancing panel. Please make the most of our find an approved solicitor tool to identify a Old Oak Common conveyancing firm on the on the mortgage company panel.
My wife and I are buying a flat in Old Oak Common. I might seem paranoid but how we can trust a solicitor? On completion day we will need to deposit funds into their account. What protection do we have from them run away with our money?
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.
I happen to be the sole recipient of my late mum's estate with all property in now in my sole name, including the house in Old Oak Common. The Old Oak Common property was put into my name in March. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the property in March. Do I have to wait 6 months to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Some mortgage companies would take a pragmatic view as this obligation is principally there to capture subsales or the quick reselling of property.
Last month we had a mortgage agreed in principle with TSB. Old Oak Common conveyancing lawyers are selected. How long does it take for TSB to forward the offer to the property lawyer?
There is no definitive answer here. Have TSB done the survey? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I have a semi-detached Georgian house in Old Oak Common. Conveyancing solicitor acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Old Oak Common and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing lawyer who carried out the work.