What is the first thing I need to know regarding purchase conveyancing in Oxshott?
You may not hear this from too many lawyers but conveyancing in Oxshott or throughout Surrey is often a confrontational experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for conflict between you and other parties involved in the house moving process. For example, the seller, selling agent and on occasion a mortgage company. Choosing a lawyer for your conveyancing in Oxshott should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose role it is to protect your legal interests and to protect you.
On occasion a third party with a vested interest may try and sway you that you should follow their advice. For example, the estate agent may claim to be helping by claiming that your solicitor is slow. Or your financial adviser may tell you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
I was told four weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Oxshott is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their PI Insurance.
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 TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
After shopping around on the internet I have found a Oxshott conveyancing practitioner having made sure that they are on the Leeds Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society 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 Oxshott 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.
After what feels like an age I have had an offer on an apartment in Oxshott agreed to, but there is a chain. The vendors have offered on a flat, however it’s not yet agreed to, and have viewings of other properties in the pipeline. I have instructed a nearby conveyancing solicitor in Oxshott. What should be my next step? At what stage should I apply for the mortgage with Aldermore?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of £1k, then survey, Oxshott conveyancing search charges, etc). The first thing to do is ensure that your conveyancer is on the Aldermore conveyancing panel. Concerning the subsequent steps this very much depends on the uniqueness of your transaction, attraction to the property and on the state of the market. During a buoyant market some purchasers would apply for the mortgage with Aldermore and arrange for the valuation and only if it was satisfactory would they ask their lawyer to move forward with searches.
It has been 2 months following my purchase conveyancing in Oxshott concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey carried out on a house in Oxshott before retaining solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks tend refuse to give a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oxshott. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Oxshott to see if the conveyancing costs will increase in light of this.
Finally our conveyancing in Oxshott completes on Friday, however the person I am purchasing from wishes to vacate on the Saturday at 2pm. Do I accept this?
If you require a mortgage then your conveyancer will demand that you have vacant possession on Friday - the bank will insist on it.