Do conveyancers ask for money on account for my conveyancing in Oakley?
If you are buying a property in Oakley your solicitor will ask you put them with funds to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the conveyancing searches. When the deposit is as part of the purchase price then this will be required shortly before exchange of contracts. Any further balance that is needed should be transferred shortly before completion.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Oakley. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/7/2019, the requirements read as follows :
Have just purchased a probate house at auction in Oakley. Conveyancing is required. What are my next steps?
Having to all intents and purposes signed on the dotted line you will need to find a conveyancing solicitor quickly as you are faced with a tight a fixed date to complete the property. Every auction property will have a bespoke auction set of papers. This will include evidence of title and search results. If you have purchased leasehold property the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You need to give this to the solicitor instructed by you as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the on the contractual date .
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Oakley conveyancing practitioner on the Virgin Money panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
After shopping around on the internet I have found a Oakley lawyer having made sure that they are on the Santander conveyancing panel. Does my lawyer arrange the survey of the property?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Oakley postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Oakley.
How does conveyancing in Oakley differ for newly converted properties?
Most buyers of new build or newly converted property in Oakley contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Oakley usually purchase the site, 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 conveyancing solicitors 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 Oakley or who has acted in the same development.
We're FTB’s - agreed a price, but the agent informed us that the owners will only go ahead if we use the agent's preferred lawyers as they want a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Oakley
We suspect that the seller is not behind this requirement. Should the seller require ‘a quick sale', taking such a hostile approach to a genuine buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Oakley conveyancing solicitors - rather thanthose that will provide the estate agent a introducer fee or achieve conveyancing figures demanded by head office.