Finally the sale completed on my house in Oxton last April yet the purchaser is telephoning me complaining that their conveyancer is waiting to hear from mysolicitor. What should my lawyer have done following completion?
Following your sale your conveyancer is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your lawyer must also evidence that the mortgage has been repaid to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Oxton.
We are getting the release of further monies on our mortgage from RBS as we wish to conduct alterations to our home in Oxton. Do we need to select a local Oxton solicitor on the RBS conveyancing panel to handle the paperwork?
RBS would not normally require firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS conveyancing panel.
My wife and I are in the throws of viewing flats in Oxton and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with HSBC.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are getting a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
Kent Reliance have agreed my home loan in principle, my offer on a flat in Oxton has been accepted, what are the next steps?
The property agent will want to be informed of your conveyancer's details (make sure the conveyancing practitioners are on the lender’s approved list). Call up Kent Reliance or the financial adviser and finalise any outstanding paperwork. Kent Reliance will appoint a valuer who will get in touch with the selling agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Kent Reliance will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Oxton.
I am selling our property in Oxton and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the buyers used an internet conveyancing firm rather than a conveyancing solicitor in Oxton. Having lived in Oxton for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You should 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 illness)
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Oxton I like with amenity areas and railway links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Oxton in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I am in need of some leasehold conveyancing in Oxton. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Oxton - 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.
Oxton Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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What is the yearly maintenance fee and ground rent? This question is helpful as a) areas can result in problems in the block as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will need to have all the details Does the lease include onerous restrictions?
Can you clarify the extent of conveyancing dealt with by Oxton conveyancing firms?
Generally most Oxton conveyancing firms will carry out a broad sphere of legal advice to domestic and agricultural land proprietors, sellers, buyers, landlords and tenants and you can expect them to help you with some of the following services:
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Standard residential sale conveyancing in Oxton or elsewhere in the country
Private residential purchase conveyancing in Oxton and further afield
Council House Right-to-Buy Scheme Planning permissions and restrictions Bespoke or complex residential transactions including farms, estates, and company properties Staircasing if you are buying a further or final share in a shared ownership property