My mortgage broker requires my Oxfordshire law firm’s panel member for the HSBC conveyancing panel. Can you suggest how I discover this. I have e-mailed my local Oxfordshire branch but they don't know it.
You are best placed to get this information from your Oxfordshire conveyancing practitioner . Most Oxfordshire conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
4 months have elapsed since my purchase conveyancing in Oxfordshire took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Oxfordshire I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Oxfordshire in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
How does the Landlord & Tenant Act 1954 affect my commercial property in Oxfordshire and how can you help?
The 1954 Act affords protection to commercial leaseholders, granting the legal entitlement to apply to court for a new lease and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Oxfordshire is one of our hundreds of locations in which the firms we work with are based
Having had my offer accepted I require leasehold conveyancing in Oxfordshire. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Oxfordshire - then the leasehold title will always include the short particulars 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.
Leasehold Conveyancing in Oxfordshire - Examples of Questions you should consider Prior to Purchasing
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Please note that where the lease has no more than eighty years it will have adverse implications on the salability of the flat. It is worth checking with your bank that they are content with residual term of the lease. A short lease means that you will almost definitely need a lease extension at some point and it is worth discovering how much this will be. Remember, in most cases you would be be obliged to have been the owner of the property for a couple of years in order to be legally able to extend the lease. How many of the leaseholders are in arrears for their maintenance charge payments? Plenty Oxfordshire leasehold properties will have a service charge for the upkeep of the building levied on behalf of the freeholder. If you buy the property you will have to meet this contribution, usually in instalments throughout the year. This may differ from several hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all probability there will be a rentcharge to be met annual, ordinarily this is not a exorbitant sum, say approximately £25-£75 but you need to check it because on occasion it can be surprisingly expensive.
A couple of weeks ago I was told by my lender that their approved conveyancers work on no sale no fee basis for conveyancing in Oxfordshire. My purchase did not proceed nevertheless the lawyers have requested search fees! They are stating that the fees are independent!
Oxfordshire conveyancing search fees are separate expenses not legal fees as these are payable to a third party.