My husband and I are buying a brand new apartment in Oxfordshire and my solicitor is informing me that she is duty bound to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I have no desire to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
In what way does my ID and proof of funds have anything to do with my conveyancing in Oxfordshire? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Oxfordshire. However these days you can not proceed with any conveyancing deal in the absence providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not sufficient in the absence of the other.
Evidence of your source of funds is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must have this information on record. Your Oxfordshire conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further questions concerning the source of funds.
I acquired my apartment on 13 April and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Oxfordshire expressed confidence that it will be dealt with inside ten days. Are transfers in Oxfordshire uniquely lengthy to register?
As far as conveyancing in Oxfordshire registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust according to the party submitting the application, whether it is in order and if the Land registry need to notify any other parties. As of today in the region of three quarters of submission are fully dealt with within 12 days but some can be subject to longer delays. Registration takes place once the new owner has moved in to the premises therefore registration formalities is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.
How can the Landlord & Tenant Act 1954 impact my commercial premises in Oxfordshire and how can you help?
The particular law that you refer to provides security of tenure to commercial lessees, granting the dueness to make a request to court for a renewal lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Oxfordshire is one of our hundreds of locations in which our lawyers have offices
I need to instruct a conveyancing solicitor for some conveyancing in Oxfordshire. I've stumble across a web site which looks to be the perfect solution If it is possible to get all this stuff completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
To what extent are Oxfordshire conveyancing solicitors duty bound by the Law Society to publish clear conveyancing costs?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Oxfordshire or across England and Wales.