How up to date is your database of Witney solicitors on the UBS conveyancing panel? Do UBS send you an updated list?
Witney conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
I need some fast conveyancing in Witney as I am under an ultimatum to sign on the dotted line in less than 3 weeks. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches carried out although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Witney the following are instances of what can show up and adversely affect market value: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
How does conveyancing in Witney differ for newly converted properties?
Most buyers of new build premises in Witney come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Witney typically buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Witney or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one near me in Witney I like with amenity areas and station nearby, however it only has 49 years on the lease. I can't really find anything else in Witney suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am looking into buying my first house which is in Witney and I am already nervous. I couldn't find anything specific about Witney. Conveyancing will be needed in due course but do you know about the Witney area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Witney. In the meantime here are some basic statistics that we found
My wife and I purchased a leasehold flat in Witney. Conveyancing and HSBC Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Witney who previously acted has now retired. Any advice?
First contact HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Witney conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Witney - Examples of Queries before buying
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Who manages the block? In the main the outlay for major works tend not to be included within service charges, although a few managing agents in Witney require leasehold owners to pay into a sinking fund and this is used to offset against major works. Many Witney leasehold apartments will incur a service charge for the upkeep of the building levied by the freeholder. If you purchase the apartment you will have to pay this amount, usually periodically during the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a ground rent for you to pay annual, this is usually not a significant sum, say approximately £50-£100 but you should to enquire it because sometimes it can be many hundreds of pounds.