We note that you have a post code search directory listing law firms on the Bank of Ireland conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Oakwood?
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 Oakwood.
My grandfather passed away last year and as sole heir and executor I was left the property in Oakwood. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Clydesdale will require that you use a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
Should our lawyer be asking questions concerning flooding as part of the conveyancing in Oakwood.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Oakwood. There are those who buy a property in Oakwood, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a various searches that can be carried out by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Oakwood. The standard information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the vendor to determine if the premises has historically flooded. If flooding has previously occurred which is not disclosed by the owner, then a buyer may commence a claim for damages as a result of such an inaccurate reply. The purchaser’s conveyancers will also commission an enviro search. This should disclose if there is any known flood risk. If so, further investigations will need to be initiated.
Hoping to buy a property located in Oakwood and I am already nervous. I couldn't find anything specific about Oakwood. Conveyancing will be needed in due course but do you know about the Oakwood area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Oakwood. In the meantime here are some basic statistics that we found
My partner has encouraged me to instruct his conveyancers in Oakwood. Should I choose my own conveyancer?
Much as we are happy to recommend a Oakwood conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get recommendations from friends or relatives who have experience in using the conveyancer you're are thinking of instructing.
My solicitors in Oakwood have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the lender. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.