The mortgage agreement from NatWest for the remortgage of my 3 bedroom maisonette is expected by the end of next week. Can you suggest a low cost conveyancing law firm in East Oxford?

You are on the wrong site if you are seeking a cheap conveyancing in East Oxford. We can offer you value for money conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers offering £100 conveyancing in East Oxford. The optimum result, in going for low cost conveyancing, you will receive what you pay for and at worst it will result in you spending a lot in additional fees and still not receive the service you were hoping for.

We are about to sign contracts for a property in East Oxford. We encountered a snag. Our mortgage offer with The Mortgage Works expires on 30/12/2024 but the owners are suggesting a completion date of 2/1/2025. Is it possible to extend the loan offer?

The person best placed to address this question is your solicitors who should determine whether they better off negotiating with the lender, owner’s lawyers, estate agents or conceivably all parties given what has gone on in your conveyancing as of today.

I am buying a detached bungalow in East Oxford. The intention is to carry out an extension to the side at the property.Will legal investigations on the property include enquiries to determine if these alterations are permitted?

Your conveyancer will review the deeds as conveyancing in East Oxford will occasionally identify restrictions in the title deeds which prohibit categories of changes or require the permission of a 3rd party. Many additions call for local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor prior to committing yourself to a purchase.

We expect to receive a OIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any East Oxford solicitors on the Coventry BS conveyancing panel, or is it better to go independently?

You will need to appoint East Oxford solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.

I was told three weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in East Oxford is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their PI Insurance.

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.

I have been on the look out for a ground for flat up to £195,000 and identified one near me in East Oxford I like with a park and railway links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in East Oxford for this price, so just wondered if I would be making a grave error acquiring a short lease?

Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

In relation to leasehold conveyancing in East Oxford what are the most common lease problems?

Leasehold conveyancing in East Oxford is not unique. Most leases are drafted differently and drafting errors can result in certain clauses are wrong. The following missing provisions could result in a defective lease:

A duty to insure the building

You may encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Virgin Money, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the buyer to withdraw.

East Oxford Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing

For many East Oxford leaseholds the outlay for major works tend not to be incorporated into the service charges, although there some managing agents in East Oxford obliged tenants to pay into a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance. Is anyone aware of any major works in the near future that could add a premium to the maintenance costs?