It has come to my attention via my lender that my Oldbury property lawyer is not on the mortgage company Solicitor panel. What can I do to be sure that this is correct?
Your first step should be to contact your Oldbury lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Do the conveyancing lawyers listed on your site handle attended exchange conveyancing in Oldbury?
There are a few conveyancing specialists carrying out personalised exchanges. You should contact us to get a conveyancing quote and details as to dates.
What does my ID and proof of funds have anything to do with my conveyancing in Oldbury? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Oldbury. However these days you can not proceed with any conveyancing deal in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your source of money is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Oldbury conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further queries concerning the source of funds.
Have just purchased a repossessed house at auction in Oldbury. Conveyancing is required. What are my next steps?
Now that you have for all intents and purposes signed on the dotted line you must appoint a conveyancing lawyer soon as you are faced with a tight deadline in which to complete the conveyancing. All auction property will ordinarily have a corresponding legal set of papers. This will likely include evidence of title and search results. If you have purchased leasehold premises the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should hand this to the lawyer instructed by you as soon as possible. Do make sure that your finances are in order to complete on the on the contractual date .
I had an offer accepted on a property in Oldbury on 2/6/2021, valuation was booked 3 days later, received a clean bill of health. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
After shopping around on the internet I have found a Oldbury conveyancer having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB 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. You may wish to consider appointing your own Oldbury surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Oldbury. Conveyancing is daunting 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.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Oldbury
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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.