My mortgage broker says he needs my South Oxhey law firm’s panel member for the Santander conveyancing panel. How do I discover this. I have contacted my local South Oxhey branch but they have not responded to me.
Have you tried contacting your South Oxhey conveyancer about this?. Most South Oxhey law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
How do I discover of the solicitor carrying out my conveyancing in South Oxhey is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus paying £175.00 in additional conveyancing costs.
You should take advantage of the search tool on this page. Please choose the mortgage company and type ‘South Oxhey’ or your preferred area and you will be presented with numerous conveyancers located in South Oxhey or by proximity to you.
I am buying a house and the solicitor has mentioned Chancel Repair for which the property may be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this really required for conveyancing in South Oxhey
Unless a previous purchase of the premises completed post 12 October 2013 you may expect conveyancing practitioners handling conveyancing in South Oxhey to remain recommending a chancel search and or chancel repair liability policy.
How does conveyancing in South Oxhey differ for new build properties?
Most buyers of new build or newly converted property in South Oxhey come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because house builders in South Oxhey usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in South Oxhey or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. South Oxhey is the location of the property. Is there any guidance you can impart?
Flying freeholds in South Oxhey are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Oxhey you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Oxhey may decide 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 residence.
I work for a busy estate agency in South Oxhey where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local South Oxhey conveyancing solicitors. Please can you confirm whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Despite our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in South Oxhey. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a South Oxhey conveyancing firm who can help.
An example of a Lease Extension case for a South Oxhey residence is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case was in relation to 3 flats. The unexpired term was 71 years.