The Oxshott conveyancing firm that I appointed last week on my purchase in Oxshott have suddenly shut down. I chose them because I had to have a firm on the Co-operative conveyancing panel and my preferred Oxshott lawyer was not. I paid them £170 on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
I used Stirling Law several years past for my conveyancing in Oxshott. Now, I need my files however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Oxshott of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £305k and found one round the corner in Oxshott I like with open areas and station in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Oxshott for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I'm refinancing my existing home to a BTL mortgage with Nationwide Building Society and intend to use the remaining equity as a down payment on another property. The neighborhood we are interested in is Oxshott. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our search tool on this page to be sure that the lawyers are on the appropriate lender panels. Having checked that they are your conveyancer should be able to connect the two conveyancing matters but you should talk with you conveyancer and specify your expectations and requirements.
Due to exchange soon on a basement flat in Oxshott. Conveyancing lawyers have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Oxshott should include some of the following:
Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know who is responsible the repair and maintenance of every part of the building You would want to receive a copy of the lease Your solicitors should enable you to have an understanding of the insurance provisions What remedies are open the freeholder should you breach a clause of your lease? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Oxshott. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to judgment on the sum to be paid.
An example of a Lease Extension decision for a Oxshott residence is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.