The property market in Bicester is hotting up. What can be done to hasten the buying process?
In the event that the seller is applying a tight deadline to complete it is advisable to make sure that your solicitor is familiar with the location as they will benefit local relationships and insight. It is even conceivable that they would have transacted otherproperties in the same road. You would be best advised to use a Bicester conveyancing lawyer. Second, check that the lawyer is on the member panel. It is estimated that just under twenty per cent of Bicester conveyancing transactions are delayed or derailed after discovering a purchaser’s lawyer was not on their banks panel. This can often result in the conveyancing being frustrated by almost 21 days. It is said that this issue impacts approximately one hundred thousand home sales every year. Many Bicester conveyancing practices can not act for certain mortgage companies so do check at the outset.
My wife and I have recently appointed a conveyancing solicitor in Bicester. I need to find out if they are accepted on the Nationwide Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should e-mail the solicitor and enquire if they can act for the bank. Otherwise please call Nationwide Building Society who may be able to assist.
Should our solicitor be raising enquiries concerning flooding during the conveyancing in Bicester.
Flooding is a growing risk for lawyers conducting conveyancing in Bicester. Some people will buy a house in Bicester, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of checks that may be undertaken by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Bicester. The standard completed inquiry forms given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to find out whether the premises has historically flooded. If the residence has been flooded in past and is not notified by the seller, then a buyer may commence a legal claim for losses stemming from an incorrect answer. The purchaser’s solicitors may also order an environmental report. This will indicate whether there is any known flood risk. If so, additional inquiries should be conducted.
I used Stirling Law a few years past for my conveyancing in Bicester. I now require my file however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bicester of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Bicester differ for newly converted properties?
Most buyers of new build premises in Bicester approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Bicester usually 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 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 Bicester or who has acted in the same development.
I am a sole trader hoping to take over a lease of an office on a shopping parade. Can you recommend solicitors offering competitive fees for commercial conveyancing in Bicester for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Bicester, including the sale and acquisition of businesses as well as simply property. If you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. Regarding the charges this will depend on the structure and terms of the deal. Please provide us with your contact information or email so as to enable us to furnish you with a detailed commercial conveyancing calculation.