Do the Building Society Association intend to launch a search tool with a view to list law firms on the Darlington Building Society conveyancing panel for example in Summertown and Botley?
Lexsure has not been advised of any plans on the part of the BSA to develop such a register.
How does conveyancing in Summertown and Botley differ for newly converted properties?
Most buyers of new build or newly converted property in Summertown and Botley approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Summertown and Botley 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 used to new build conveyancing in Summertown and Botley or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Summertown and Botley in advance of retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies may not grant a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to 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 accustomed to dealing with flying freeholds in Summertown and Botley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Summertown and Botley to see if the conveyancing costs will increase in light of this.
I was pointed in your direction by numerous selling agents in Summertown and Botley to choose a property lawyer on your site. What’s the financial incentive for Estate Agents to recommend your lawyers over another?
We refuse to make any commission for directing people in our direction. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My husband and I are novice buyers - agreed a price, but the estate agent has warned us that the seller will only issue a contract if we appoint their preferred solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Summertown and Botley
It is unlikely the vendors are behind this. Should the owner want ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Summertown and Botley conveyancing lawyers - not the ones that will give the estate agent a referral fee or hit his conveyancing figures pre-set by senior management.