Last October we completed a house move in Oakley. We have since encountered a number of issues with the house which we consider were missed in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been conducted for conveyancing in Oakley?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Oakley. Conveyancing searches and investigations undertaken during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a seller fills in a form known as a SPIF. answers is misleading, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Oakley.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Earl Shilton BS conveyancing panel for example in Oakley?
We are not aware of any plans on the part of the BSA to develop such a register.
I'm buying a new build house in Oakley with a mortgage from Santander. The sellers refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep advised me not reveal to my lawyer about the extras as it would impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
My step-father has suggested that I instruct his conveyancing solicitors in Oakley. Should I choose my own property lawyer?
No doubt the best way to select a conveyancing practitioner is to get recommendations from friends or relatives who have previously instructed the firm you're are thinking of instructing.
My wife and I purchased a leasehold flat in Oakley. Conveyancing and Bank of Ireland mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Oakley who previously acted has now retired. What should I do?
First make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to instruct a Oakley conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a basement flat in Oakley, conveyancing having been completed in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Oakley with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2077
With just 52 years left to run we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. 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 seeking the advice of a professional.
I am looking to sell a parking space which is on a separate legal title with the land registry asking for 22k, to clear debts. There is a mortgage with Principality. Please can you recommend an inexpensive conveyancer as the standard £600-£700 reduces the return somewhat. Although I live in Oakley I dont need to instruct a Oakley solicitor.
The purpose of this site is restricted to being a directory service for conveyancing practitioners who wish to be listed as being on the approved conveyancing panel for Principality in certain locations for example Oakley . Our intention is not to recommend any particular conveyancing practitioner.