Can you explain why leasehold purchase conveyancing in Headington is more expensive?
Headington leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Headington. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
Given you plan to refinance then Co-operative will require that you use a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
I need some expedited conveyancing in Headington as I am faced with a deadline to sign on the dotted line in less than 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at free not to have searches carried out although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Headington the following are examples of issues that can show up and therefore impact future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Headington is where the house is located. Is there any advice you can give?
Flying freeholds in Headington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Headington you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Headington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am selling my home. My former solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Headington if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Headington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am just shy of a 10% deposit on my apartment purchase in Headington , but I still want to exchange. Do I have options?
You can accept a lower deposit. Many sellers will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute