My fiance and I are looking to buy a home in Summertown and Botley and have appointed a Summertown and Botley conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Platform Home Loans Ltd have this afternoon contacted us to advise us that they have now hit a problem as our Summertown and Botley conveyancer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Summertown and Botley lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
I have given 2 months notice to my existing landlord and have to vacate my let out property in Summertown and Botley by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice on a rental until you have exchanged. Assuming that you have not previously done so, speak to your solicitor and urge them to they cajole the owners solicitors, try to an agreed time frame that all parties will work towards
What does my ID and proof of funds have anything to do with my conveyancing in Summertown and Botley? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Summertown and Botley. Nowadays you will not be able to proceed with any conveyancing transaction without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as evidence of identification it must be both the paper section as well as the photo card part, one is not acceptable without the other.
Proof of the source of money is mandated in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to have this information on file. Your Summertown and Botley conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask additional queries regarding the source of monies.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Summertown and Botley is the location of the property. Is there any advice you can impart?
Flying freeholds in Summertown and Botley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Summertown and Botley you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Summertown and Botley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Are there any apps to assist me to locate a Summertown and Botley law firm on the Clydesdale conveyancing panel? I have a car and am willing to travel upto 20miles to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Summertown and Botley conveyancing lawyers based on proximity. We have detailed some Summertown and Botley conveyancing firms at the bottom of this page and you can contact them to check if they are on the Clydesdale approved list
I am using a search engine for the phrase cheap conveyancing in Summertown and Botley it brings up numerous property lawyersin the area. How do I determine which is the right solicitor for my move?
The preferential method of choosing the right conveyancer is through a trusted recommendation, so ask colleagues and relatives who have acquired a property in Summertown and Botley or the local estate agent or financial adviser. Costs for conveyancing in Summertown and Botley vary, so it's a good idea to request a minimum of three fee estimates from varying types of law firms. Be sure to seek confirmation that the fees are fixed.