We see that you have a post code search directory identifying law firms on the Coventry BS conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Oakham?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oakham.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Oakham?
Many commercial conveyancing solicitors in Oakham will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Oakham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Oakham.
For every commercial conveyancing transaction in Oakham it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Oakham commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Oakham.
I bought my house on 2 February and my personal details are still not registered. Should I be concerned? My conveyancing solicitor in Oakham advises it will be registered in a couple of weeks. Are properties in Oakham uniquely lengthy to register?
As far as conveyancing in Oakham registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. Currently approximately three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration occurs after the new owner is living at the premises therefore registration formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
I am buying my first flat in Oakham with a loan from Bank of Scotland. The sellers refused to budge the price so I negotiated 6k of additionals instead. The house builders rep told me not to tell my solicitor about this side-deal as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In relation to leasehold conveyancing in Oakham what are the most common lease defects?
There is nothing unique about leasehold conveyancing in Oakham. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:
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Maintenance charge proportions which don’t add up to the correct percentage
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Skipton Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.
I purchased a split level flat in Oakham, conveyancing formalities finalised November 2005. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Oakham with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ends on 21st October 2101
With only 76 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
I bought a flat in Oakham last 20/5/2024 and to date it is still not recorded with HM Land Registry. It was part of a new estate and my conveyancer told me that it may take 12 months to complete the registration formalities. I have called HMLR directly and they say that the original application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your solicitor that you should get in touch with in order to satisfy any issues which have arisen as part of the registration process for your Oakham property. Normal Oakham conveyancing practice includes an undertaking on the part of the previous owner’s solicitor that they will help resolve any requisition raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.