My wife and I are purchasing a 1 bedroom flat in Little Oakley with a mortgage. We like our Little Oakley solicitor, however the mortgage company advise he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or keep our Little Oakley conveyancing practitioner as well as pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Little Oakley conveyancing solicitor to apply to be on the conveyancing panel.
Due to move into my new home in Little Oakley next Thursday. My property lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not unique to conveyancing in Little Oakley.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Little Oakley. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/4/2025, the requirements read as follows :
Just bought a detached house in Little Oakley , What is the estimated time for the Land Registry to record the transfer to my name? My Little Oakley conveyancing solicitor has been painfully slow, so I want to be certain the registration is addressed.
There is nothing unique when it comes to conveyancing in Little Oakley registration formalities. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. As of today approximately three quarters of submission are completed within two weeks but occasionally there can be extensive hold-ups. Registration occurs once the purchaser is living at the premises thus 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
How does conveyancing in Little Oakley differ for new build properties?
Most buyers of new build residence in Little Oakley contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Little Oakley tend to buy the real estate, 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 Little Oakley or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and found one round the corner in Little Oakley I like with open areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Little Oakley for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.