I am approaching an exchange on a house in Oxfordshire and my parents have transferred the exchange deposit to my solicitor. I am now informed that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The property lawyer is duty bound to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
What does a local search inform me regarding the property we're buying in Oxfordshire?
Oxfordshire conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as PSG The local search is essential in every Oxfordshire conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Have purchased a a semi-detached house in Oxfordshire , What is the estimated time for the Land Registry to register my title? My Oxfordshire conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
There is nothing unique when it comes to conveyancing in Oxfordshire registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. As of today in the region of 80% of such applications are fully dealt with within 12 days but occasionally there can be longer delays. Historically registration is effected once the new owner is living at the property so registration formalities is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.
My cousin has recommend that I use his conveyancing solicitors in Oxfordshire. Do I take his recommendation?
No doubt it’s preferable to find a conveyancing lawyer is to seek guidance from friends or family who have actually previously instructed the solicitor that you are contemplating using.
Completion is due on our sale of a £150,000 apartment in Oxfordshire in just under a week. The freeholder has quoted £348 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Oxfordshire?
Oxfordshire conveyancing on leasehold flats normally requires the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to respond to such questions most will be content to do so. They may invoice a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is above £800. The administration charge required by the landlord must be accompanied by a summary of rights and obligations in respect of administration charges, otherwise the charge is not strictly payable. Reality however dictates that one has no option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
Oxfordshire Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
What is the length of the lease? It is important to be aware if fixing the lift or some other significant cost is due in the near future that will be shared amongst the leasehold owners and will materially impact the level of the service costs or require a specific payment.