Is the fact that my conveyancer in Botley is not identified on my lender's solicitor panel that there is a problem with the quality of the firm’s work?
That is most likely an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Botley conveyancing practice and enquire why they are no longer on the approved list for your lender.
I am the registered owner of a freehold premises in Botley but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Botley and has limited impact for conveyancing in 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My bank has suggested solicitors on their panel based in Botley but I would rather instruct a conveyancing lawyer in Botley or nearer to where I live. Can you assist?
The minority of Botley conveyancing solicitors are on all lender’s conveyancing panel. Use the above find an approved solicitor tool to locate a Botley conveyancing conveyancer on the on the lender panel.
As co-executor for the will of my uncle I am disposing of a house in Swansea but reside in Botley. My conveyancer (based 300 miles awayhas requested that I execute a stat dec prior to completion. Can you recommend a conveyancing lawyer in Botley to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Botley based
What are your top tips when it comes to choosing a Botley conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Botley conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Botley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If the firm is not ALEP accredited then why not?
I acquired a 1 bedroom flat in Botley, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Botley with over 90 years remaining are worth £216,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2094
You have 69 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Is it true that a Botley conveyancing company got sued by a client for failing to conduct the right conveyancing investigations?
We are not aware of such a Botley conveyancing matter but according to a recent report, a couple acquiring a house in Cumbria successfully won a claim against their conveyancer as a consequence of development permission to erect a wind farm not being identified in conveyancing searches.
Where you are contemplating buying a home in Botley It is critical that your conveyancing practitioner conduct all Botley conveyancing searches required making sure that you have accurate and up to date information before acquiring a property.