This question may be naive but I am unseasoned as FTB of a two bedroom flat in Oxford. Do I collect the keys to the house on completion from my solicitor? If so, I will find a local conveyancing solicitor in Oxford?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
Two weeks ago we had a mortgage agreed in principle with Yorkshire BS. Oxford conveyancing solicitors were selected. How long does it take for Yorkshire BS to send the offer to the lawyer?
Some lenders take longer than others. Have Yorkshire BS done the survey? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on an apartment in Oxford. My financial adviser suggested a conveyancer. I paid an advanced payment of £200. Not long after, the property lawyer called me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some quick conveyancing in Oxford as I have an ultimatum to sign on the dotted line in less than 3 weeks. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Oxford the following are examples of what can arise and therefore impact future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Oxford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Oxford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a ground for flat up to £305k and identified one near me in Oxford I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. There is not much else in Oxford in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
How do I identify cost effective conveyancing in Oxford?
First ask your friends and family who they would recommend. Option 2 is to search the internet for conveyancing in Oxford. Telephone a couple or more firms from the list and ask them to send you their conveyancing quote and speak to the lawyer who will conduct your conveyancing before you commit. Third is to make use of our search tool to help you find the right lawyers for you based on your unique requirements including location,speed, complexity and who your intended lender is.Avoid the trap of appointing £99 conveyancing solicitors in Oxford