Do the Building Society Association intend to launch a searchable register to list solicitors on the Loughborough BS conveyancing panel for instance in Didcot?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
I had a mortgage agreed in principle with Nationwide. Didcot conveyancing lawyers are instructed. How long does it take for Nationwide to forward the offer to the lawyer?
Some lenders take longer than others. Have Nationwide conducted the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Planning on purchasing a house in Didcot. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Didcot conveyancer is on the HSBC conveyancing panel.
Santander have agreed my mortgage in principle, my bid on a property in Didcot has been agreed to, now what?
Your property agent will want to know who your solicitors are (be sure the lawyers are on the lender’s approved list). Contact Santander or the financial adviser and finalise any outstanding forms. Santander will appoint a valuer who will get in contact with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Santander will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Didcot.
Should our solicitor be making enquiries regarding flooding as part of the conveyancing in Didcot.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Didcot. There are those who acquire a property in Didcot, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, but there are a numerous checks that may be undertaken by the buyer or by their lawyers which should give them a better understanding of the risks in Didcot. The standard property information forms given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to discover if the property has suffered from flooding. In the event that the property has been flooded in past which is not revealed by the seller, then a purchaser could commence a legal claim for losses resulting from an incorrect reply. The purchaser’s lawyers may also conduct an enviro report. This should indicate if there is a recorded flood risk. If so, further inquiries should be carried out.
How does conveyancing in Didcot differ for new build properties?
Most buyers of new build residence in Didcot come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Didcot usually purchase the site, 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 used to new build conveyancing in Didcot or who has acted in the same development.
Are there any apps to help identify a Didcot law firm on the Bank of Scotland conveyancing panel? I have a car and am happy to travel upto 10miles to meet the conveyancer.
You can use the search on this website. Please choose the mortgage company and your location and you will see a number of Didcot conveyancing lawyers locally. We have detailed some Didcot conveyancing firms at the bottom of this page and you can ring them to see if they are on the Bank of Scotland approved list