Having been told to check out your site we were going to go ahead with a conveyancing solicitor in Oxford listed on your site but have come across alternative fee calculations on the internet appear less pricey – why is this?
There are many firms of solicitors promoting supposedly cut-price conveyancing, yet more often than not additionalfees end up with the completion bill markedly uplifted. In accordance with regulatory requirements costs set out in terms and conditions should be equitable raised The conveyancers that we list for conveyancing in Oxford specify all legal fees for the property you plan tobuy.
What does my ID and proof of funds have anything to do with my conveyancing in Oxford? Is this really warranted?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Oxford. Nowadays you can not proceed with any conveyancing deal without first providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not acceptable without the other.
Proof of the source of monies is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer will need to retain this information on record. Your Oxford conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask additional queries regarding the origin of monies.
I am buying a property and require a conveyancing solicitor in Oxford who is on the Platform Home Loans Ltd solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Oxford. We dont recommend any particular firm.
I happen to be the sole beneficiary of my late mum's estate with all property in now in my sole name, including the house in Oxford. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the property in August. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. How practical a view mortgage companies take of it, depend on the mortgage company as this provision is chiefly there to capture subsales or the wholesaling and assigning of property.
The mortgage over my property is with Nottingham for my property in Oxford. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
You must advise Nottingham prior to letting out your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. You need not do this via a Nottingham conveyancing panel solicitor.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Oxford building society branch on numerous occasions and was told they are content with the situation and they will lend. My Oxford conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their published requirements. Who do I believe?
As long as the property lawyer is on the mortgage company panel, they must comply with the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Me and my brother purchased a 4 bedroom Victorian property in Oxford. Conveyancing practitioner represented me and Barclays . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Oxford and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the work.
My husband and I are new on the property ladder - had an offer accepted, yet the agent informed us that the owners will only move forward if we instruct the agent's preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Oxford
It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', alienating a motivated buyer is counter productive. Speak to the owners direct and make sure they understand (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to use your preferred Oxford conveyancing lawyers - not the ones that will give their estate agent a introducer fee or achieve conveyancing thresholds demanded by head office.