My IFA has requested my Headington solicitor’s panel member for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have tried my local Headington branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Headington property lawyer . Most Headington law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
We previously appointed solicitors locally in Headington on the Co-operative solicitor approved list. They have just billed me a further charge for the legal aspects of the Co-operative mortgage. Is this an additional conveyancing fee specified by Co-operative?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. This charge is not dictated by Co-operative but by your Headington solicitor. Some firms on the Co-operative panel will quote ’dealing with mortgage’ fee and others do not.
We were going to get a AIP from Leeds Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Headington solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Headington solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
Completion of my purchase has taken place for my property in Headington. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Various online forums that I have visited warn that are a common reason for hinderance in Headington house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Headington.
My wife and I own a terraced Edwardian house in Headington. Conveyancing lawyer acted for me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the matching address. Is it worth asking Birmingham Midshires to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Headington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
Due to the encouragement of my in-laws I had a survey completed on a property in Headington before appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend refuse to give a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Headington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Headington to see if the conveyancing costs will increase in light of this.
We have had DIP from Aldermore who have advised we could borrow up to £350k. When do I need to instruct a practitioner for conveyancing? Headington is where we are buying.
You can appoint a solicitor now and ask them to open a file for you. This will facilitate: 1) the selling agent to issue a Sales Memorandum to the relevant parties 2) the seller’s solicitor to submit the draft agreement. However, do not instruct your conveyancer to start searches until you have your valuation report from Aldermore and you are content to move forward.