We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather instruct a specialised conveyancing solicitor in Bicester?
You should check but the the likelihood is that appoint one of their panel lawyers should you accept the "fee-free" incentive. Contact the mortgage company and ask if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Bicester.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Bicester 4 years ago are no longer around. Will I be able to sell the house?
Assuming you have a registered title the information relating to your proprietorship will be documented by HMLR with a Title Number. It is possible to carry out a search at the Land Registry, find your house and obtain current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
How does conveyancing in Bicester differ for newly converted properties?
Most buyers of new build or newly converted property in Bicester approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Bicester tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bicester or who has acted in the same development.
My business partner and I are hoping to take over a lease of a shop on a shopping parade. Can you recommend solicitors offering fixed charges for non-domestic conveyancing in Bicester for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bicester, including the sale and purchase of businesses as well as simply property. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the charges this will depend on the structure and heads of terms of the deal. Let us have your details or email so as to enable us to supply you with comprehensive commercial conveyancing quote.
I own a leasehold flat in Bicester. Conveyancing and Platform Home Loans Ltd mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Bicester who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Bicester conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a garden flat in Bicester, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Bicester with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease expires on 21st October 2078
With 54 years unexpired we estimate the price of your lease extension to span between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
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 detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
Am in the process of purchasing my 1st house in Bicester. Conveyancing lawyer already chosen. The financial consultant suggested that a survey is not needed as the property is just 20 yrs old.
At the very least you should order a Home Buyer's Report. As the premises is over 10 years old the property will not come with a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report could be enough. They will highlight any obvious issues and suggest further investigation if appropriate. Where there are any indications of material issues seek a comprehensive structural survey.