It may have been a long time coming a loan agreement from HSBC for the refinancing of my 2 room flat is due by the end of next week. Are you able to put forward a low cost conveyancing practitioner in East Oxford?
You have come to the wrong site to search for the lowest fares for conveyancing solicitors in East Oxford. Our intention is to offer excellent value conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint brokers offering ninety nine pound conveyancing in East Oxford. In your best case scenario, in deciding on low cost conveyancing, you will get your money’s worth and at worst it will result in you with a surprising uplift in extras and still not receive the service you were looking for.
I purchased a freehold house in East Oxford but still pay rent, why is this and what is this?
It is rare for properties in East Oxford and has limited impact for conveyancing in East Oxford 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 generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in East Oxford. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
If you intend to refinance then Principality will insist on your using a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
What is the difference between a licensed conveyancer and conveyancing solicitor in East Oxford
Two types of professional can conduct conveyancing in East Oxford namely licenced conveyancers or solicitors. The two can handle conveyancing services that required to complete the sale or purchase of property. They are both obliged to handle East Oxford conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that the necessary procedures should be appropriately followed.
We had selected conveyancers with offices in East Oxford on the Santander solicitor panel. They have just billed me a further sum for handling the Santander mortgage. Is this an additional conveyancing fee set by Santander?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your property lawyer may levy a fee for this. This charge is not dictated by Santander but by your East Oxford conveyancer. Plenty of firms on the Santander panel will quote an ‘acting for lender’ fee and others do not.
It is not clear whether my lender requires a lease extension. I have called my East Oxford building society branch on numerous occasions and was informed it wasn't a problem and they will lend. My East Oxford conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the bank approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I used Action Conveyancing several years past for my conveyancing in East Oxford. Now, I need the documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in East Oxford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am in need of some leasehold conveyancing in East Oxford. Before I get started I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in East Oxford - 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 bought a split level flat in East Oxford, conveyancing having been completed 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in East Oxford with over 90 years remaining are worth £171,000. The ground rent is £50 yearly. The lease runs out on 21st October 2103
With just 79 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should 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.