My grandson is purchasing a house that has just been built in Oxfordshire with a home loan from TSB. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the TSB conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Oxfordshire is the location of the property. What do you suggest?
Flying freeholds in Oxfordshire are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Oxfordshire you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oxfordshire may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My company is intending to lease a unit on the high street. Can you recommend lawyers offering competitive fees for non-domestic conveyancing in Oxfordshire for under £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Oxfordshire, including the disposal and acquisition of businesses as well as simply property. Whether you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. As for the fees this will depend on the structure and complexity of the deal. Please provide us with your contact information or telephone us so that we can furnish you with a detailed commercial conveyancing quote.
My father has recommend that I appoint his conveyancing solicitors in Oxfordshire. Should I use them?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to seek referrals from friends or family who have experience in using the firm that you are considering.
Back In 2001, I bought a leasehold house in Oxfordshire. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Oxfordshire who previously acted has long since retired. Any advice?
First contact the Land Registry to make sure that this person is indeed the new freeholder. There is no need to instruct a Oxfordshire conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Oxfordshire Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Are any of leasehold owners in dispute over their service charge payments? You should be aware that where the lease has fewer than eighty years it will impact the marketability of the apartment. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and it is worth discovering what this will be. Remember, in most cases you will be required to have owned the premises for a couple of years in order to be entitled to extend the lease.