It is 10 years ago since I acquired my home in Charlbury. Conveyancing lawyers have recently been retained on the sale but I am unable to locate my title deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be kept by the lender or they could be in the possession of the lawyers who acted in the purchase. Secondly the likelihood is that the land will be recorded 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. Nearly all conveyancing in Charlbury relates to registered property but in the unlikely event that your home is not registered it is more of a problem but is not insurmountable.
I have been told that property searches are the number one reason for hinderance in Charlbury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Charlbury.
I am purchasing a new build house in Charlbury with a loan from Clydesdale. The developers would not move on the price so I negotiated 6k of extras instead. The property agent told me not reveal to my lawyer about the deal as it would put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In what way can the Landlord & Tenant Act 1954 affect my business property in Charlbury and how can your lawyers assist?
The 1954 Act gives a safeguard to business tenants, granting the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Charlbury is one of the hundreds of locations in which our lawyers are located
As co-executor for the will of my uncle I am disposing of a property in Swansea but live in Charlbury. My solicitor (approximately 300 kilometers from merequires that I execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Charlbury who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Charlbury
Can you provide any advice for leasehold conveyancing in Charlbury with the purpose of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Charlbury can be avoided if you get in touch lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information which will be required by the buyers’ conveyancers. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Charlbury state that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord consenting to such alterations. Should you fail to have the consents to hand do not communicate with the landlord without checking with your lawyer in advance. If you are supposed to have a share in the freehold, you should ensure that you hold the original share document. Organising a duplicate share certificate can be a lengthy formality and delays many a Charlbury conveyancing deal. If a reissued share is necessary, do contact the company director and secretary or managing agents (where applicable) for this as soon as possible. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check via your solicitors. A buyer’s lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is under 80 years. It is therefore important at an as soon as possible that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.
Charlbury Leasehold Conveyancing - A selection of Queries Prior to buying
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Its a good idea to find out as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the upkeep of the communal areas. Don't be shy to ask prospective neighbours whether they are happy with them. Finally, investigate as to the dates that the service fees are due to the relevant party and precisely what it includes. How many of the leaseholders are in arrears for their service charge payments?