Would the conveyancing solicitors that you recommend carry out auction conveyancing in Banbury?

We know of a few auction practitioners we can put you in touch with those conducting auction conveyancing. Banbury is one of our locations where our lawyers have offices.

I am the registered owner of a freehold house in Banbury yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Banbury and has limited impact for conveyancing in Banbury 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Banbury?

Unless a prior acquisition of the house completed after 12 October 2013 you can expect conveyancing practitioners carrying out conveyancing in Banbury to continue to recommend a chancel search and or chancel repair liability insurance.

I am buying a new build house in Banbury with a loan from The Mortgage Works. The builders would not reduce the amount so I negotiated 6k of additionals instead. The sale representative told me not to tell my lawyer about the extras as it could put at risk my mortgage with The Mortgage Works. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I need to instruct a conveyancing solicitor in Banbury for my purchase. Can I see a firm’s record with the legal regulator?

One may review documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA could recorded call for training requirements.