Is it possible for conveyancing in Woodcote to be completed in a month?

In a situation where you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will make use of local contacts and insight. It is possible that they could have handled previoushouses in the same road. Therefore consider using a Woodcote conveyancing lawyer. In addition, make sure that the conveyancing firm is on the member panel. It is claimed that 18% of Woodcote conveyancing transactions are held up or derailed after finding out that a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. This can often result in the conveyancing being delayed by almost three weeks. It is understood that this issue affects approximately one hundred thousand home moves annually. Most Woodcote conveyancing practices can not act for certain mortgage companies so do check as early as possible.

I purchased a freehold premises in Woodcote but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Woodcote and has limited impact for conveyancing in Woodcote 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 one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

I just bought a property at auction in Woodcote. Conveyancing is needed. What are my next steps?

Having for in every practical sense signed on the dotted line you should appoint a conveyancing solicitor as a matter of priority as you are faced with a pending a drop dead date to complete the purchase. An auction property will have an associated auction set of papers. This should include evidence of title and search results. If you have purchased leasehold premises the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You need to hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.

Is there a list of Santander panel solicitors in Woodcote on the UK Finance Lenders’ Handbook Website?

No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available over the internet. If you are seeking to appoint a Woodcote lawyer on the Santander please make the most of our facility.

Completion of my remortgage has taken place for my property in Woodcote. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?

Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.

I am looking for a ground for flat up to £195,000 and identified one close by in Woodcote I like with amenity areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Woodcote for this price, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a home loan the shortness of the lease will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities 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 solicitor about this.

I’m about to sell my 2 bed flat in Woodcote. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly service charge demand – Do I pay up?

It best that you clear the service charge as you normally would as all ground rent and maintenance invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I inherited a 1 bedroom flat in Woodcote, conveyancing was carried out May 2003. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Woodcote with an extended lease are worth £206,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2089

With 65 years left to run we estimate the price of your lease extension to span between £13,300 and £15,400 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.