I was recommended to a lawyer who has quoted £1700 for fixed fee conveyancing in Oakleigh Park. I am hoping to sell a purpose built house for £275,000. Are these estimated fees excessive? Is it above the average fee for conveyancing in Oakleigh Park?
The estimate does seem marginally overpriced. If you are willing to spend time comparing fee on a like for like basis you could decrease the fees slightly by as much as £125. That being said, you maycome to regret opting for an an unknown conveyancer. Remember to be sure that the solicitor can also act for your mortgage company. You can use our search tool to select a Oakleigh Park conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Oakleigh Park.
I own a freehold premises in Oakleigh Park but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Oakleigh Park and has limited impact for conveyancing in Oakleigh Park 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 hundreds of years, 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 after 2037 will be extinguished.
We hope to to purchase with Loughborough BS. We have called around locally yet am struggling to find a Oakleigh Park conveyancing firm on the Loughborough BS panel. Could you help?
Please do make the most of the find a conveyancing panel solicitor tool on this web page. Pick the building society and type Oakleigh Park or your location and you will be presented with numerous solicitors located in Oakleigh Park or near you.
My partner and I are intent on selling our house in Oakleigh Park and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Oakleigh Park conveyancer would know this is not the case. For the life of me I don't know why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in Oakleigh Park. We have lived in Oakleigh Park for six years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification need.
It would appear that you have a conveyancing firm already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Expecting to complete next month on a studio apartment in Oakleigh Park. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Oakleigh Park should include some of the following:
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Details of the parties to the lease, e.g. these could be the tennant, superior lessor, freeholder What remedies are open the freeholder should you breach a clause of your lease? Information as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the wider rights a tenant enjoys Whether the lease restricts you from renting out the property, or having a home office for business The length of the lease term. You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years
We have reached the end of our tether in trying to purchase the freehold in Oakleigh Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Oakleigh Park conveyancing firm who can help.
An example of a Lease Extension case for a Oakleigh Park residence is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case affected 1 flat. The unexpired term was 76 years.
20 days into buying a house in Oakleigh Park. Conveyancing solicitor has told us the title is "Leasehold". Will this likely adversely affect the salability of the property?
Oakleigh Park conveyancing does not usually involve leasehold houses. The crucial factor here is the unexpired lease term and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it’s unlikely to impact the marketability significantly.
At the other end of the spectrum, if it's, say, 50 years it is bound to have a material impact on the saleability, and probably wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease provided to your conveyancing practitioner.