I plan on buying an apartment in Oldham. My lawyer has never been on on the mortgage company solicitor panel. Is it possible for me to continue with my Oldham conveyancing solicitor even though they are not on the bank approved list?
One will need to have a conveyancing practitioner to complete the legal work required if you need a mortgage to buy your property. The property lawyer will carry out all the appropriate due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You could instruct a Oldham conveyancing practitioner of your choice. Nevertheless, where the solicitor appointed is not a member of the lender conveyancing panel further charges will arise as separate legal representation will be need by the lender. Bank panel applications can be submitted, so if your solicitor has not previously sought membership they can do so.
My flat in Oldham is up for sale and I have a buyer. Does the solicitor have to be required to be on the Virgin Money conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Oldham I like with open areas and railway links nearby, however it's only got 52 remaining years left on the lease. There is not much else in Oldham in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I have been recommended by a few property agents in Oldham to find a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to recommend your site over and above a competitor’s?
We don’t give any commission for directing people our way. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to appoint a conveyancing solicitor for residential conveyancing in Oldham. I have land on a site which seems to have the ideal answer If it is possible to get all formalities completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have been looking for Oldham competitive conveyancing fees. Can I be sure that all the Oldham law firms that are identified on your website are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Oldham conveyancing solicitor being on the bank conveyancing panel is incorrect.