We note that you have a post code search directory listing firms on the Bank of Ireland conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Oakdale?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oakdale.
My property lawyer in Oakdale is not listed on the Leeds Building Society Conveyancing Panel. Can I still use my prefered solicitor even though they are excluded from the Leeds Building Society panel?
The limited options available to you here include:
- Complete the purchase with your existing Oakdale solicitors but Leeds Building Society will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall legal fees and cause frustration.
- Find an alternative practitioner to act in the purchase, obviously checking they are on the Leeds Building Society panel
Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a ground floor flat in Oakdale. Do I pick up the keys to the premises on completion from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Oakdale?
On the day of completion you will not be required to go to the conveyancers office in Oakdale. Your solicitors will transfer the purchase money to the seller's conveyancers, and once they have received this, you should be invited to collect the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
When it comes to mortgage companies such as RBS, do Oakdale property lawyers face a yearly amount to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We previously instructed solicitors with offices in Oakdale on the Nottingham solicitor approved list. They are now charging me a separate fee for the legal aspects of the Nottingham mortgage. Is this a supplemental conveyancing fee specified by Nottingham?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer can levy a fee for this. This charge is not dictated by Nottingham but by your Oakdale solicitor. Numerous firms on the Nottingham panel will quote an ‘acting for lender’ fee and others do not.
Various web forums that I have visited warn that are the primary cause of stalling in Oakdale conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Oakdale.
Just acquired a semi-detached house in Oakdale , What is the estimated time for the Land Registry to record my title? My Oakdale conveyancing solicitor has been very slow, so I want to be sure the post completion formalities are dealt with.
As far as conveyancing in Oakdale is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether it is in order and whether the Land registry must send notices to any third persons or bodies. At present in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration occurs once the buyer has moved in to the premises therefore registration formalities is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Oakdale differ for newly converted properties?
Most buyers of new build residence in Oakdale contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because builders in Oakdale tend to acquire 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 conveyancers 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 Oakdale or who has acted in the same development.