Much to our surprise we have been informed by our estate agent that my Oxfordshire lawyer is not on the mortgage company Solicitor panel. What can I do to check?
You need to contact your Oxfordshire conveyancer. You lawyer should notify you of the situation. If they are not on the panel they may recommend you to a Oxfordshire conveyancing firm that is on the approved list of lawyers for your lender.
We are looking to buy a house and need a conveyancing solicitor in Oxfordshire who is on the Barclays solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Oxfordshire.
I am looking for a ground for flat up to £305k and identified one round the corner in Oxfordshire I like with a park and transport links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Oxfordshire suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will 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 premises for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
All being well we will complete the sale of our £150,000 maisonette in Oxfordshire in just under a week. The management company has quoted £384 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Oxfordshire?
Oxfordshire conveyancing on leasehold maisonettes typically involves administration charges levied by managing agents :
Answering pre-exchange enquiries
Where consent is required before sale in Oxfordshire
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a 1st floor flat in Oxfordshire, conveyancing formalities finalised 6 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Oxfordshire with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2086
With 68 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
I am buying a house mortgage free. My lawyer has been handed with 2 separate forms of photographic ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer advising that the funds are in place and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Oxfordshire conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering laws.