Should conveyancers ask for money up-front for my conveyancing in Ongar?
If you are buying a property in Ongar your lawyer will request that you put them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the Local Authority Search. When the deposit is as part of the sale price then this will be required immediately prior to contracts are exchanged. The final balance that is due should be transferred a few days prior to the day of completion.
Do I have to attend the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Ongar so that I can attend their offices when needed.
Whereas this was necessary 12 years ago, almost all mortgage companies no longer need their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to provide identification documents and there are still manifest benefits to instructing a locally based solicitor, in your situation a conveyancing solicitor in Ongar.
Is it the case that all Ongar solicitor firms on the Principality conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Principality conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
Can I be sure that the Ongar conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Ongar getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your transaction.
I was told three weeks ago that my mortgage has been agreed to by Skipton. Is it usual for Skipton to only issue the offer once my solicitor in Ongar is approved on their conveyancing panel? Skipton have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Ongar differ for new build properties?
Most buyers of new build or newly converted property in Ongar contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Ongar usually buy the land, 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 Ongar or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Ongar prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks tend refuse to give a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ongar. Conveyancing may be slightly more expensive based on your lender's requirements.