Me and my partner are due to exchange on the purchase of a house in Bampton but as a consequence of damage from a small fire at the property I have managed to agree compensation from the owner of £2k in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process yet Bank of Ireland will not permit this. Should they have been notified?
Any conveyancer being on a Bank of Ireland conveyancing panel is duty bound to disclose to Bank of Ireland of any variations to the purchase price. If you were to refuse your conveyancer to disclose the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Bampton.
I am purchasing a semi-detached house in Bampton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bampton you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bampton.
Due to the advice of my in-laws I had a survey completed on a property in Bampton in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies may not issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bampton. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be concerned that brokers that I am dealing with are recommending an online conveyancing firm rather than a local Bampton conveyancing firm?
As with many professional services, often recommendations from relatives can be very helpful. Yet there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all suggest solicitors to select. On occasion the lawyers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You are at liberty to appoint your own lawyer. Don't forget that the majority of lenders specify a panel list of lawyers you are obliged to use for the mortgage aspect of your transaction.
We are four weeks into a leasehold purchase having been referred to conveyancers by the selling agent to handle our conveyancing in Bampton. We are not happy. Could you help me find new solicitors?
They would have to be really bad in order to consider replacing them. Has your loan offer been issued? If so you must inform them of the new contact details and ensure the loan are re-issued. The conveyancer should be on the mortgage company approved list to avoid escalating expenses and delays. That should be your starting point. Our search tool can help you find a bank approved conveyancer for your home move in Bampton
At last I have had an offer on an apartment in Bampton agreed to, the owner does however have a tied purchase. The owners have submitted an offer on a property, although it’s not yet agreed to, and has viewings of other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Bampton. What do I do now? At what stage should I apply for the mortgage with Barclays?
It is usual to have apprehensions where there is an associated chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then survey, Bampton conveyancing search fees, etc). The first course of action is to check that your property lawyer is on the Barclays approved list. As to the next phase this very much dictated by the uniqueness of your case, desire for this property and on the state of the market. During a buoyant market some home buyers would apply for a home loan with Barclays and pay for the survey and only if it was satisfactory would they pay their property lawyer to move forward with the conveyancing in Bampton.