We see that you have a search directory listing firms on the Coventry BS conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Banbury?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Banbury.
I am buying a new build flat in Banbury. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Banbury you will have to appoint a solicitor on your bank'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 Banbury.
A colleague pointed out to me me that in buying a property in Banbury there may be various restrictions prohibiting external alterations to a property. Is this right?
We are aware of a number of properties in Banbury which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Banbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Banbury. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that you are obtaining a mortgage with Aldermore your lawyer must follow the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Aldermore where a lease does not meet these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Banbury.
Virgin Money have agreed my home loan in principle, my bid on a property in Banbury has been accepted, now what?
Your property agent will want to know who your solicitors are (make sure the lawyers are on the lender’s panel). Contact Virgin Money or your financial adviser and finish off any relevant paperwork. Virgin Money will sellect a valuer who will get in touch with the estate agent or seller to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Virgin Money will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Banbury.
How does conveyancing in Banbury differ for newly converted properties?
Most buyers of new build residence in Banbury contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because house builders in Banbury typically purchase the land, 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 conveyancing solicitors 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 Banbury or who has acted in the same development.
How easy is it to use the search tool to choose a conveyancing solicitor in Banbury on the panel for my lender?
Step one is to select a bank such as Yorkshire Building Society, Barnsley Building Society or Platform Home Loans Ltd then specify your preferred area e.g. Banbury. Conveyancing practices in Banbury and across England and Wales should be identified.
I need to find a conveyancing solicitor for residential conveyancing in Banbury. I happened to land on a web site which seems to have the perfect answer If there is a chance to get all the legals completed via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?