Some advice if I may. My Wantage lawyer is advising me that he has toorder Wantage conveyancing searches becausethe firm are on the Santanderconveyancing panel. Is my conveyancer correct?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a bank your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Wantage conveyancing searches.
Our lender has recommended solicitors on their panel based in Wantage but I would rather instruct a conveyancing lawyer in Wantage or nearer to where I live. Are you able to assist?
Not all Wantage conveyancing solicitors are listed all banks conveyancing panel. Do make use of the above search tool to locate a Wantage conveyancing conveyancer on the on the lender panel.
Do commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Wantage?
Many commercial conveyancing solicitors in Wantage will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Wantage. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wantage.
For each commercial conveyancing transaction in Wantage it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Wantage commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Wantage.
How does conveyancing in Wantage differ for newly converted properties?
Most buyers of new build premises in Wantage come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Wantage usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Wantage or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Wantage ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some lenders may not issue a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wantage. Conveyancing will be smoother if you use a solicitor in Wantage especially if they are accustomed to such properties in Wantage.
I need to switch lawyers as my Wantage lawyer is not on the lender's panel of conveyancing solicitors. Is it practical to instruct different lawyers?
In the event that you have not formally instructed a conveyancer to commence the conveyancing and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Wantage that you're considering.