Various web forums that I have come across warn that are the primary cause of obstruction in Faringdon conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Faringdon.

How does conveyancing in Faringdon differ for new build properties?

Most buyers of new build or newly converted property in Faringdon contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Faringdon tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Faringdon or who has acted in the same development.

In what way does the Landlord & Tenant Act 1954 affect my commercial offices in Faringdon and how can you help?

The particular law that you refer to provides a safeguard to business tenants, granting the legal entitlement to make a request to court for a new tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Faringdon

I work for a reputable estate agent office in Faringdon where we see a few flat sales jeopardised due to leases having less than 80 years remaining. I have been given conflicting advice from local Faringdon conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Faringdon Leasehold Conveyancing - Examples of Questions you should consider before Purchasing

Who manages the building? Are any of leasehold owners in arrears of their service charge payments? This information is helpful as a) areas can result in problems in the building as the communal areas may start to deteriorate if maintenance are not paid for b) if the leaseholders have an issue with the managing agents you will want to know about it

We are seeking to acquire a repossessed property in Faringdon and the bank selling would like to complete within 28 days. Do conveyancing practitioners complete in this timeframe? Am I best advised to select a high street Faringdon firm or an online organisation that advertises to complete quickly?

Attend your Faringdon high street. Pop in to two or three firms and request to see a conveyancing solicitor for a quote. Set out your requirements and try and obtain assurances on speed. Appoint the one that seems most trustworthy. You need to select a property lawyer on the panel of lawyers acceptable to your bank.