five months have elapsed following my purchase conveyancing in Oxfordshire took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Oxfordshire. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Oxfordshire
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a leasehold apartment up to £305k and found one near me in Oxfordshire I like with open areas and transport links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Oxfordshire in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass 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 speak to your conveyancing solicitor about this matter.
I'm remortgaging my current home to a buy to let mortgage with Chelsea Building Society and intend to use the remaining equity towards another property. The neighborhood we are talking about is Oxfordshire. Will your conveyancers be able to act for the two banks and link together the conveyances?
Make use of our search tool on this site to check that the conveyancers are approved by both lenders. Assuming that they are the lawyer will be able to tie up the two transactions but you should talk with you conveyancer and communicate your expectations and requirements.
We are 17 days into a leasehold purchase having been referred to solicitors by the local agent to perform conveyancing in Oxfordshire. I am am extremely dissatisfied with the level of service. Could you you assist me in finding new solicitors?
A solicitor would need to be really bad in order to consider diss instructing them. Has your mortgage been issued? In the event that it has you must advise them of the new contact details and ensure the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company approved list to avoid added costs and complications. So that should be your first question of the new solicitors. Our find a solicitor tool will help you find a lender approved conveyancer for your home move in Oxfordshire