We see that you have a post code search directory identifying law firms on the Yorkshire BS conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Oswestry?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oswestry.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Oswestry?
Unless a prior acquisition of the property completed after 12 October 2013 you could take it that solicitors delivering conveyancing in Oswestry to remain encouraging a chancel search and or chancel repair liability insurance.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Oswestry I like with open areas and transport links nearby, the downside is that it only has 49 years on the lease. There is not much else in Oswestry for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
We're first time buyers - agreed a price, but the estate agent told us that the vendor will only proceed if we appoint the agent's recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Oswestry
We suspect that the seller is unaware of this ultimatum. Should the vendor want ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Contact the owners directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to use your preferred Oswestry conveyancing solicitors - not the ones that will earn the negotiator at the agency a introducer fee or hit his conveyancing targets demanded by head office.
What are your top tips when it comes to finding a Oswestry conveyancing firm to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Oswestry conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Oswestry conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
If the firm is not ALEP accredited then what is the reason? What are the legal fees for lease extension conveyancing?
I own a split level flat in Oswestry, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Oswestry with an extended lease are worth £222,000. The ground rent is £50 levied per year. The lease ends on 21st October 2089
You have 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.