My solicitor has identified a a problem with the lease for the flat we are purchasing in Oxted. The other side have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Oxted. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/4/2024, the requirements read as follows :
I just bought a property at auction in Oxted. Conveyancing is needed. What happens now?
Now that you are legally bound yourself to purchase you now have to find a conveyancing solicitor soon as you are facing a tight deadline in which to complete the conveyancing. Every auction property should have a corresponding auction pack. This will include most,if not all of the paperwork that your conveyancer requires. If you have purchased leasehold property the auction pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You need to hand this to the solicitor working for you at the earliest opportunity. You also need to ensure that your finances are in order to complete on the on the contractual date .
My partner and I have arranged the release of further monies on our home loan from Nationwide as we intend to carry out a loft conversion to our house in Oxted. Are we obliged to appoint a nearby Oxted solicitor on the Nationwide conveyancing panel to deal with the paperwork?
Nationwide don't usually instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide panel.
The formalities of my remortgage has taken place for my property in Oxted. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I need some quick conveyancing in Oxted as I am under an ultimatum to complete inside 3 weeks. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to have searches carried out although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Oxted the following are instances of what can appear and adversely affect the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...
Due to the encouragement of my in-laws I had a survey completed on a property in Oxted before instructing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend not give a loan on such a home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Oxted. Conveyancing will be smoother if you use a solicitor in Oxted especially if they are familiar with such properties in Oxted.
Is it possible to switch conveyancer as I need to find one who is on the Norwich and Peterborough Building Society conveyancing list. I hired a local conveyancing solicitor in Oxted five minutes from me but she is not accepted by Norwich and Peterborough Building Society
It would be our pleasure to help you find a conveyancing solicitor in Oxted on the Norwich and Peterborough Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Oxted. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Oxted.