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Find a East Oxford Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in East Oxford? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your East Oxford conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised East Oxford conveyancers for over 130 lenders.


Recently asked questions about conveyancing in East Oxford

I am buying a house without a mortgage in East Oxford. I have resided for the last twelve years in East Oxford. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?

In the absence of a home loan, then all but one or two of the East Oxford conveyancing searches are optional. Your solicitor will try and sway you, no-doubt strongly, that you should have searches completed, but he is duty bound to take that path of guidance. One thing to consider; if you are intend to sell the house one day, it may be of relevance to your prospective buyer what the searches determine. On occasion premises with functional issues can still throw up unfavourable search results. A good conveyancing solicitor in East Oxford will provide you some sensible advice concerning this.

In what way does my ID and proof of funds have anything to do with my conveyancing in East Oxford? Why is this being asked of me?

East Oxford conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.

Conveyancing clients are required to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).

Evidence of the origin of monies is also necessary in compliance with the money laundering statutes as solicitors have a duty to ensure that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has originated from an acceptable source (such as employment savings) rather than the proceeds of criminal behaviour.

My Conveyancer in East Oxford has never been on on the Coventry Building Society Conveyancing Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Coventry Building Society panel?

The limited options open to you here include:

  1. Complete the purchase with your preferred East Oxford solicitors but Coventry Building Society will need to use a conveyancer on their list of acceptable firms. This will result in additional overall legal charges and result in frustration.
  2. Choose a new practitioner to to deal with the purchase, not forgetting to check they are Persuade your conveyancer to do everything within their powers to join the Coventry Building Society conveyancing panel

I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. East Oxford is the location of the property. Is there any advice you can impart?

Flying freeholds in East Oxford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in East Oxford you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Oxford may ascertain 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 residence.

I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in East Oxford. Conveyancing advisers have are soon to be appointed. Will they explain the issues?

Most houses in East Oxford are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in East Oxford in which case you should be shopping around for a East Oxford conveyancing practitioner and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will report to you on the legal implications.

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Find out more about how flying freehold can affect your the value of a property.