I have just been advised by my broker that my East Oxford solicitor is not on the mortgage company Conveyancing panel. How can I be sure if this is correct?
Your first step should be to call your East Oxford conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a East Oxford conveyancing practice that is on the approved list of lawyers for your bank.
IfI was to acquire a straightforward propertyin East Oxford for cash and have no survey and no local authority searches how much could I expect to to save on my conveyancing in East Oxford?
The only saving you would make on is the costs for searches. The lawyer still got to do everything else - money laundering, correspond with the sellers solicitor, SDLT submission, register the ownership etc. You might save a bit for them not having to register a mortgage however it will not be meaningful.
I used Action Conveyancing several years ago for my conveyancing in East Oxford. I now require my file however the law firm is no longer operating. What do I do?
You should call 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 East Oxford 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.
My father-in-law has suggested that I use his lawyers for conveyancing in East Oxford. Should I use them?
No doubt the best way to find a conveyancing solicitor is to have referrals from friends or relatives who have experience in using the conveyancer that you are contemplating using.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since found out that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in East Oxford. Conveyancing advisers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in East Oxford ?
Most houses in East Oxford are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in East Oxford so you should seriously consider shopping around for a East Oxford conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor should advise you fully on all the issues.
I own a split level flat in East Oxford, conveyancing formalities finalised in 2010. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in East Oxford with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2068
With just 50 years unexpired the likely cost is going to range between £31,400 and £36,200 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.