Why is leasehold purchase conveyancing in Oakhill is more expensive?
The conveyancing costs for a leasehold premises in Oakhill is frequently greater as compared to a freehold residence. This is because there is an amount of additional work required in corresponding with the freeholder and managing agents to obtain evidence about whether the rent and service charges have been cleared and whether there are any major works due in the near future on repairs or maintenance of the building.
We're in Oakhill, First time buyers buying with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need some fast conveyancing in Oakhill as I am faced with pressure to complete in less than 2 weeks. Fortunately I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not obtaining a home loan you are at free not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Oakhill the following are instances of what can crop up and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
Due to the encouragement of my in-laws I had a survey completed on a property in Oakhill prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks may refuse to issue a mortgage on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oakhill. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Oakhill and how can you help?
The 1954 Act provides security of tenure to commercial tenants, giving them the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Oakhill is one of the hundreds of areas of the UK in which the firms we work with are based