I was recommended to a solicitor who has sent a quote for £1150 for freehold conveyancing in Didcot. I am selling a Georgian property for £250,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Didcot?

The costs illustration is slightly on the expensive side. If you shop around you may be able to decrease the fees marginally by say £100 plus VAT. On the other hand, you couldlive to rue choosing an a cheaper lawyer. Remember to enquire the solicitor can also act for your mortgage company. Do utilise our search tool to get a quote a Didcot conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Didcot.

Our Didcot solicitor has spotted a discrepancy between the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he is duty bound to check that the bank is with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?

Your must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

I am the registered owner of a freehold premises in Didcot yet charged rent, why is this and what is this?

It’s unusual for properties in Didcot and has limited impact for conveyancing in Didcot 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 from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.

four months have elapsed following my purchase conveyancing in Didcot took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Just had an offer accepted on a new build flat in Didcot. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Didcot

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.