I require conveyancing for an apartment in a relatively new development (seven years built) in Chipping Norton. The vast majority the flats have already been disposed of. Is it really necessary to order local searches as part of conveyancing in Chipping Norton?
You would be taking a significant risk in failing carrying out Chipping Norton conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would absolutely advise in no uncertain terms that your conveyancer conducts them. Where timings and cost are primary issues you should consider with your lawyer about the possibility of search insurance
We are looking to buy a flat and need a conveyancing solicitor in Chipping Norton who is on the HSBC conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Chipping Norton.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one close by in Chipping Norton I like with amenity areas and transport links nearby, the downside is that it's only got 61 years on the lease. There is not much else in Chipping Norton in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
How simple is it to swap firm as I have to instruct a firm on the Britannia conveyancing list. I instructed a high street conveyancing solicitor in Chipping Norton five minutes from me but he is not accepted by Britannia
It would be our pleasure to assist you find a conveyancing solicitor in Chipping Norton on the Britannia panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Chipping Norton. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Chipping Norton.
My father-in-law has suggested that I use his lawyers for conveyancing in Chipping Norton. Should I use them?
There are no two ways about it the best way to choose a conveyancing lawyer is to seek recommendations from friends or relatives who have actually previously instructed the solicitor you're are thinking of instructing.
I've recently bought a leasehold flat in Chipping Norton. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a split level flat in Chipping Norton, conveyancing was carried out in 2009. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Chipping Norton with an extended lease are worth £185,000. The ground rent is £65 invoiced every year. The lease comes to an end on 21st October 2085
You have 60 years unexpired the likely cost is going to range between £20,000 and £23,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.