It is a dozen years since I purchased my house in Witney. Conveyancing solicitors have just been retained on the sale but I am unable to find my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be kept by the lender or they could be archived with the lawyers who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring up to date copy of the land registers. The vast majority of conveyancing in Witney relates to registered property but in the rare situation where your property is unregistered it is more tricky but is not insurmountable.
Do I need to pay for insurance to cover chancel repairs when buying a house in Witney?
Unless a previous acquisition of the property completed post 12 October 2013 you may take it that lawyers conducting conveyancing in Witney to remain recommending a chancel search and or chancel repair liability insurance.
Given that I will soon spend over three hundred thousand on a garden flat in Witney I would like to have a conversation with the solicitor regarding thetransaction prior to appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the solicitor who will be conducting your property ownership legalities in Witney.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Witney should be the figure that you end up paying.
Can you provide any advice for leasehold conveyancing in Witney with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Witney can be avoided if you instruct lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation which will be required by the buyers’ representatives. Many freeholders or managing agents in Witney levy fees for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Witney. You believe that you know the number of years left on your lease but you should double-check by asking your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. If you hold a share in a the freehold, you should ensure that you have the original share document. Organising a replacement share certificate is often a time consuming process and delays many a Witney conveyancing transaction. Where a new share certificate is necessary, you should approach the company officers or managing agents (where applicable) for this at the earliest opportunity. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be warry about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unsettled.
I inherited a leasehold flat in Witney, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Witney with over 90 years remaining are worth £176,000. The ground rent is £50 yearly. The lease finishes on 21st October 2099
With just 80 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
I require the services of a lender panel solicitor in Witney. Could you help me?
Unfortunately it’s not apparent why you need a Witney panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Witney are on their panel . If you do find such a firm in Witney not listed please direct them to our site to list. After all the cost is only one £1 a month