My partner and I are looking to buy a home in Faringdon and are in fact using a Faringdon conveyancing firm. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. HSBC Bank have this morning contacted us to advise us that they have now hit a problem as our Faringdon solicitor is not on their conveyancing panel. Is this a problem?

If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also represent the mortgage company. 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 solicitor should contact your bank 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 are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Faringdon lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.

Can conveyancing in Faringdon to be done within 28 days?

First, If you are under a tight deadline to sign contracts it is advisable to make sure that your solicitor is familiar with the location as they will have local connections and intelligence. It is possible that they may have transacted previoushomes in the same street. Therefore consider using a Faringdon conveyancing lawyer. In addition, check that the lawyer is on the member panel. It is estimated that nearly one in five of Faringdon conveyancing deals are suspended or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being frustrated by as much as three weeks. It is understood that this issue affects approximately one hundred thousand home sales every year. Many Faringdon conveyancing practices can not represent certain banks so do check at the outset.

Should commercial conveyancing searches disclose proposed roadworks that could affect a commercial site in Faringdon?

Many commercial conveyancing solicitors in Faringdon will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Faringdon. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Faringdon.

For each commercial conveyancing transaction in Faringdon it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Faringdon commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Faringdon.

I used Wolstenholmes a few years ago for my conveyancing in Faringdon. Now, I need my files but the law firm is no longer operating. What do I do?

Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Faringdon of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

About to purchase a new build flat in Faringdon. Conveyancing is a frightening process 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 conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Faringdon

Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.