My partner and I are acquiring a newly built duplex in Oxford and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the registered owner of a freehold premises in Oxford but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Oxford and has limited impact for conveyancing in Oxford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Do I need to visit the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Oxford so that I can attend their offices when needed.
Nowadays approved lawyers for banks undertake all of the communications via the post, internet or over phone calls. This enables them to undertake the legal work for your home move no matter where you live in the country. Nevertheless you should check if you can still book an appointment to visit conveyancing lawyer if you prefer.
We are planning to move home in December. Should my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you put forward a removal company in Oxford. Conveyancing lawyer was found prior to coming across this page.
On the day of completion you will need to pick up the house keys from the selling agent but this can only happen after the vendors conveyancers advise the agent that they have the completion monies and the keys can be passed over. After that you should advise the removal men that you are ready to move in. We are not in a position to recommend a specific removal company but can help you choose a residential property solicitor in Oxford or a solicitor that specialises in conveyancing in Oxford.
After weeks of negotiation I have agreed a price on an apartment in Oxford. My financial adviser suggested a solicitor. I paid an advanced payment of £225. Soon after, the solicitor called me embarrassingly acknowledging that they were not on the Bank of Ireland 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 Bank of Ireland 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.
Planning on purchasing a maisonette in Oxford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Oxford lawyer is on the Coventry BS conveyancing panel.
I require the services of a mortgage company panel solicitor in Oxford. Could you help me?
Unfortunately it’s not apparent why you need a Oxford panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Oxford are on their panel . If you do find such a firm in Oxford not listed please direct them to our site to list. After all the cost is only one £1 a month