My property lawyer in Oldbury is not listed on the Virgin Money Approved Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are not on the Virgin Money panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your preferred Oldbury solicitors but Virgin Money will need to retain a lawyer on their panel. This will inevitably rack up the total conveyancing charges and result in frustration.
- Choose a new solicitor to act in the purchase, not forgetting to check they are Virgin Money approved.
- Try to convince your Virgin Money solicitor to seek to join the Virgin Money panel
How does conveyancing in Oldbury differ for newly converted properties?
Most buyers of new build or newly converted property in Oldbury contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Oldbury 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 conveyancers 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 accustomed to new build conveyancing in Oldbury or who has acted in the same development.
I was advised by numerous selling agents in Oldbury to select a conveyancer on your site. Is there a financial incentive for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We refuse to make any commission for directing people in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have been sourcing a conveyancing lawyer in Oldbury for my house move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
One can search for presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.
I have just started marketing my 2 bed flat in Oldbury. Conveyancing is yet to be initiated, however I have just received a quarterly maintenance charge invoice – what should I do?
The sensible thing to do is discharge the maintenance contribution as normal given that all rents and service invoices will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Oldbury - A selection of Queries Prior to Purchasing
Many Oldbury leasehold apartments will have a service charge for maintenance of the building invoiced by the management company. Should you acquire the apartment you will have to pay this contribution, usually quarterly throughout the year. This could vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a ground rent for you to pay yearly, normally this is not a significant sum, say about £25-£75 but you should to enquire as on occasion it can be many hundreds of pounds. Who are the managing agents? Be sure to find out if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being allowed in certain buildings in Oldbury. If you like the propertyin Oldbury however your cat can’t live with you then you have a very hard choice.