Much to our surprise we have been told by our broker that my Ovingham property lawyer is not on the lender Conveyancing panel. How can I check?
The first thing you need to do is to call your Ovingham conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Is there a reason why leasehold purchase conveyancing in Ovingham costs more?
Ovingham leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My Conveyancer in Ovingham is not on the Nationwide Building Society Conveyancing Panel. Is it possible for me to use my family solicitor even though they are excluded from the Nationwide Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Ovingham lawyers but Nationwide Building Society will need to retain a solicitor on their panel. This will result in additional total conveyancing charges and cause frustration.
- Choose an alternative solicitor to act in the purchase, obviously checking they are on the Nationwide Building Society panel
Should our lawyer be raising questions concerning flooding during the conveyancing in Ovingham.
Flooding is a growing risk for solicitors dealing with homes in Ovingham. Plenty of people will buy a property in Ovingham, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a various searches that can be undertaken by the buyer or on a buyer’s behalf which can give them a better appreciation of the risks in Ovingham. The conventional set of completed inquiry forms given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to find out whether the property has ever been flooded. In the event that the premises has been flooded in past which is not disclosed by the seller, then a buyer could commence a compensation claim stemming from an incorrect response. A buyer’s conveyancers may also conduct an enviro report. This will higlight if there is any known flood risk. If so, additional investigations should be made.
Am I right to be wary about estate agents that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a local Ovingham conveyancing company?
As is the case with many service providers, often recommendations from relatives can be extremely useful or valuable. But there are lots of people with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies may put forward lawyers to use. Sometimes these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the discretion to select your preferred conveyancer. However, bear in mind that many mortgage providers specify a panel list of conveyancers you have to use for the lender related work in your home move.
We today become aware that one of the directors of the law firm acting on the purchase conveyancing in Ovingham is related to the owners that we are buying from. Is this allowed?
As long as no conflict arises this is permitted. If you are obtaining mortgage finance then the lender may have a say as many mortgage companies have specific instructions concerning this. For example for Coventry Building Society as of 16/5/2025, the requirements read as follows :