Our Summertown and Botley conveyancer has uncovered an inconsistency between the information in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am the registered owner of a freehold house in Summertown and Botley but nevertheless pay rent, why is this and what is this?
It is rare for properties in Summertown and Botley and has limited impact for conveyancing in Summertown and Botley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am buying a 3 bedroom semi in Summertown and Botley. We would like to carry out an extension to the side at the house.Will legal due diligence on the property include checks to determine if these alterations were previously refused?
Your conveyancer should check the deeds as conveyancing in Summertown and Botley will occasionally identify restrictions in the title documents which prevent certain alterations or need the consent of another owner. Certain works require local authority planning permissions and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
We previously chose conveyancers located in Summertown and Botley on the Principality solicitor approved list. They have just billed me a supplemental charge for handling the Principality mortgage. Is this an additional conveyancing fee specified by Principality?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer may levy a fee for this. This charge is not dictated by Principality but by your Summertown and Botley property lawyer. Numerous firms on the Principality panel will levy an ‘acting for lender’ fee but plenty of practices incorporate it on their overall fee.
I have a mortgage with Santander for my property in Summertown and Botley. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
You must advise Santander in advance of letting out your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. It should not be necessary to do this via a Santander conveyancing panel firm.
What does commercial conveyancing in Summertown and Botley cover?
Commercial conveyancing in Summertown and Botley covers a wide array of services, provided by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My step-father has recommend that I appoint his conveyancers in Summertown and Botley. Do I follow his advice?
There are no two ways about it the best way to select a conveyancing lawyer is to seek recommendations from friends or relatives who have previously instructed the solicitor that you are are thinking of instructing.
Are there any apps to help find a Summertown and Botley conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to twentykilometers to attend the solicitor.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Summertown and Botley and you will see a number of lawyer located nearest Summertown and Botley. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.