My lawyer in Ottershaw has never been on on the Bank of Ireland Solicitor Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Bank of Ireland panel?
Your options are as follows:
- Complete the purchase with your preferred Ottershaw solicitors but Bank of Ireland will need to use a conveyancer on their panel. This will result in additional total legal charges and result in frustration.
- Choose an alternative lawyer to act in the conveyancing, not forgetting to check they are Convince your lawyer to do everything within their powers to join the Bank of Ireland conveyancing panel
I have been told that property searches are the main reason for delay in Ottershaw conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Ottershaw.
How does conveyancing in Ottershaw differ for newly converted properties?
Most buyers of new build premises in Ottershaw come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Ottershaw typically acquire 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 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 Ottershaw or who has acted in the same development.
My husband and I are new to the buying process - agreed a price, but the property agent advised that the seller will only proceed if we instruct the agent's preferred lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Ottershaw
It is highly unlikely the vendors are driving this. If they desire ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Ottershaw conveyancing firm - not the ones that will provide their estate agent a kickback or meet his conveyancing thresholds pre-set by HQ.
Do I have to attend the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Ottershaw as it will be easier to pop in to their offices when needed.
Most conveyancing panel lawyers for the lender undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Ottershaw. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.