My partner and I are looking to buy a house in Eynsham and have appointed a Eynsham conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. HSBC Bank have this afternoon contacted us to advise us that there is now an issue as our Eynsham solicitor is not on their conveyancing panel. Please explain?

Where you are buying a property requiring a mortgage it is standard for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Eynsham lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

I am selling my home in Eynsham. Does the conveyancing practitioner need to be required to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Eynsham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Eynsham

Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

I decided to have a survey done on a house in Eynsham in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may not grant a mortgage on such a property.

It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Eynsham. Conveyancing may be slightly more expensive based on your lender's requirements.

In surfing the web for the term conveyancing in Eynsham it brings up numerous conveyancersin the vicinity. How do I determine which is the suitable conveyancing solicitor for purchase transaction?

The ideal way of finding the right conveyancer is through a trusted testimonial, so ask colleagues and family who have bought a property in Eynsham or the local estate agent or mortgage broker. Costs for conveyancing in Eynsham vary, so it's advisable to request a minimum of four costs illustrations from varying types of law firms. Be sure to obtain confirmation what costs in the quote includes.