I am obtaining a mortgage offer from Halifax. I hope to use a Licensed Conveyancer in Kidlington. Does the Halifax Solicitor panel include conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
What is the first thing I need to know regarding purchase conveyancing in Kidlington?
Not many law firms or advisers will tell you this but conveyancing in Kidlington or throughout Oxfordshire is often a confrontational process. In other words, when it comes to conveyancing there is an abundance of room for conflict between you and other parties involved in the transaction. For instance, the vendor, selling agent and on occasion your bank. Appointing a solicitor for your conveyancing in Kidlington an important selection as your conveyancer is your adviser, and is the ONE party in the legal process whose interest is to protect your best interests and to keep you safe.
There is a definite increase of a "blame" culture- someone has to be at fault for the process taking so long. We recommend that you must always trust your lawyer above all other parties in the conveyancing process.
How does conveyancing in Kidlington differ for new build properties?
Most buyers of new build residence in Kidlington come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Kidlington usually acquire the land, 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 property lawyers 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 Kidlington or who has acted in the same development.
I decided to have a survey carried out on a property in Kidlington ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may not grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kidlington. Conveyancing may be slightly more expensive based on your lender's requirements.
To what extent are Kidlington conveyancing solicitors under an obligation to the Law Society to issue transparent conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Kidlington or across England and Wales.