Please could you vouch for a Virgin Money approved Oxfordshire conveyancing firm that can complete within two weeks? Would it be better to use a local Oxfordshire conveyancer or a national conveyancer?
We would be happy to suggest some excellent Oxfordshire conveyancing firms. You can also walk up the main road in Oxfordshire. Approach two or three firms and ask to see a conveyancing solicitor for a costs illustration. Explain your requirements together with the reasons and get a commitment on your deadline. Choose the lawyer that genuine.
I had intended to instruct a conveyancing solicitor in Oxfordshire for our house move. Our financial adviser has since advised us that our bank Santander won't deal with them. Why is this not regarded as unfair competition?
Before the recession most lenders had a different appetite for risk. Almost all Oxfordshire conveyancing firms would have been on most mortgage company panels. The FSA in 2010 completed a thematic review into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms regarding their operations and their employees as well as set certain criteria such a completing on a minimum amount of conveyancing. Many Oxfordshire conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Oxfordshire is one of the hundreds of areas where the solicitors we list are are authorised to act for Santander.
I am buying my first flat in Oxfordshire benefiting from help to buy. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not disclose to my conveyancer about this side-deal as it may affect my loan with the lender. Is this normal?.
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.
Due to the input of my in-laws I had a survey completed on a house in Oxfordshire prior to retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders will not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Oxfordshire. Conveyancing may be slightly more expensive based on your lender's requirements.
How can the Landlord & Tenant Act 1954 affect my business property in Oxfordshire and how can you help?
The particular law that you refer to gives protection to business lessees, giving them 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. Oxfordshire is one of the numerous locations in which our lawyers are based
I am on look out for some leasehold conveyancing in Oxfordshire. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Oxfordshire - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a leasehold flat in Oxfordshire, conveyancing formalities finalised December 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Oxfordshire with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2079
With only 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues 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 placing reliance on this information without first getting professional advice.