We went with a high street lawyer for my conveyancing in Oxted today. Reviewing the Ts and Cs I seewe are liable for costs even if the sale aborts. Should I go with them or select a web based conveyancing brokerage offering no move no charge conveyancing in Oxted?
It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will tend to be be higher to counteract the transactions that do not proceed. You should be mindful that such deals tend not to protect you from disbursements by way of example Oxted conveyancing search costs.
In what way does my ID and proof of funds have anything to do with my conveyancing in Oxted? What am I being asked for?
Oxted conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Proof of source of funds is also required in compliance with the money laundering laws as solicitors have a duty to ensure that the money you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has originated from a reputable source (such as employment savings) as opposed to the proceeds of illegitimate activity.
My Conveyancer in Oxted has never been on on the Bank of Scotland Approved Panel. Can I still continue with my family solicitor even though they are not on the Bank of Scotland panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Oxted lawyers but Bank of Scotland will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total legal charges as well as cause frustration.
- Find an alternative lawyer to act in the purchase, obviously checking they are Bank of Scotland approved.
- Try to convince your Bank of Scotland solicitor to seek to join the Bank of Scotland panel
How does conveyancing in Oxted differ for new build properties?
Most buyers of new build or newly converted property in Oxted approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Oxted typically purchase the real estate, 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 property lawyers 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 Oxted or who has acted in the same development.
Should I be concerned by brokers that I am dealing with are recommending a national conveyancing firm as opposed to a High Street Oxted conveyancing company?
As with lots of service providers, often input from connections can be most helpful. But there are numerous people with a keen interest in a conveyancing matter; estate agents, financial adviser and banks may recommend conveyancers to use. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You have the discretion to appoint your own lawyer. Don't forget that many banks operate an approved list of solicitors you must use for the mortgage related work in your conveyancing.