Unfortunately I am unable to travel far from Wantage. Is there a reason why all Wantage property lawyers aren't included on all mortgage company panels?
A decade ago most banks demonstrated an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into property fraud which in summary warned lenders: know the conveyancing practitioners on your panel. As a result, banks have since looked to extract more information from law firms about their operations and the staff who work for them and set certain criteria such as completing a minimum number of transactions. Many firms have found themselves removed from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the minimum volume of transactions the mortgage companies set.
We note that you have a search directory identifying firms on the Virgin Money conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Wantage?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Wantage.
What does a local search reveal regarding the property we're purchasing in Wantage?
Wantage conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays an important part in most Wantage conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I decided to have a survey done on a house in Wantage ahead of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders may not give a loan on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wantage. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to other online quote calculators for conveyancing in Wantage?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Wantage. As opposed to estate agents and many comparison sites we do not charge firms a fee if you appoint them for your home move in Wantage
I am just shy of a 10% deposit on my house purchase in Wantage , but I am keen exchange. What can I do?
One option is to try and accept a lower deposit. Most sellers will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute