We are buying a house and need a conveyancing solicitor in Banbury who is on the Co-operative solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Banbury.
I have been referred to a conveyancing solicitor in Banbury. I I would like to check if they are accepted on the Platform Home Loans Ltd approved list of lawyers. Could you assist?
You should call your solicitor and ask them if they are on the lender panel. Alternatively you should get in touch with Platform Home Loans Ltd who may be able to assist.
I am assisting my aunt sell her house in Banbury. Will the conveyancer commission an energy assessment or should I organise this?
After the abolition of HIPs, energy assessments was retained a compulsory element of moving property. An energy assessment should be to hand in advance of the property being put on the market. It is not something that lawyers normally arrange. If you are using a Banbury conveyancing solicitor they might help arrange energy performance certificates due to their relationships with long established local providers
Does a directory service exist listing Coventry BS panel solicitors in Banbury on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association websites. A small selection of mortgage companies make their panel listings available on the web. Where you are in need of a Banbury solicitor on the Coventry BS please make the most of our tool.
We have agreed to purchase a house in Banbury. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
Given that your lender is Nationwide your lawyer must comply with the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook includes minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Nationwide where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties nationwide and is not isolated to Banbury.
I am looking for a leasehold apartment up to £235,500 and found one near me in Banbury I like with a park and railway links nearby, however it's only got 52 years on the lease. I can't really find anything else in Banbury in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage that many years will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I was advised by two or three local property agents in Banbury to select a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to market your services rather than a competitor’s?
We refuse to offer any referral fee for directing people our way. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I work for a reputable estate agent office in Banbury where we see a number of leasehold sales put at risk as a result of short leases. I have received conflicting advice from local Banbury conveyancing solicitors. Can you clarify whether the owner of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a studio flat in Banbury, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Banbury with over 90 years remaining are worth £255,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2098
With just 73 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.