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

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Recently asked questions about conveyancing in Oakley

In what way does my ID and proof of funds have anything to do with my conveyancing in Oakley? Is this really necessary?

Oakley conveyancing solicitors and indeed property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).

Proof of source of monies is also necessary in compliance with the money laundering statutes as lawyers 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 amount where you are a cash purchaser) has come from an acceptable source (such as an inheritance) and is not the product of criminal activity.

Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who dealt with the conveyancing in Oakley 5 years ago have long since closed. What are my next steps?

Assuming the title is registered the details of your proprietorship will be documented by HMLR with a Title Number. It is possible to conduct a search at the Land Registry, locate your house and obtain current copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will usually hold a certified duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.

I am buying a new build apartment in Oakley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Oakley

    Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

Am I right to be concerned by third parties that I am dealing with are suggesting an internet conveyancing firm as opposed to a local Oakley conveyancing firm?

As with lots of service providers, often suggestions from relatives can be worth their weight in gold. Nevertheless there are numerous parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all recommend conveyancers to use. On occasion the solicitors might be known to one of the organisations as being good in their field, but sometimes there exists a financial incentive behind the recommendation. You have the right to choose your own lawyer. You need to be aware that many mortgage providers have an approved list of law firms you must use for the mortgage related work in your home move.

I am looking for a conveyancing solicitor in Oakley for my remortgage. Is it possible to check a firm’s complaints history with the legal regulator?

Members of the public can see published Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may monitor call for training requirements.

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