When will exchange of contracts take place for residential conveyancing in Headington and do I need to attend the lawyers office?

If you are local to our conveyancing solicitors in Headington you are welcome to attend to sign documents. That being said, the law practices we work with offer countrywide coverage for conveyancing and give as equally detailed and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not the point of no return. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Headington)to be in the office at the appropriate time.

Due to the guidance of my in-laws I had a survey completed on a property in Headington ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some lenders may refuse to issue a mortgage on such a property.

It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Headington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Headington to see if the conveyancing will be more expensive.

How does the Landlord & Tenant Act 1954 impact my commercial property in Headington and how can you help?

The particular law that you refer to affords security of tenure to commercial tenants, giving them the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Headington

Do you have any advice for leasehold conveyancing in Headington from the perspective of saving time on the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Headington can be bypassed if you get in touch lawyers the minute you market your property and ask them to collate the leasehold documentation needed by the buyers’ representatives.
If you have the benefit of shareholding in the freehold, you should ensure that you are holding the original share certificate. Obtaining a duplicate share certificate is often a time consuming formality and delays many a Headington conveyancing transaction. If a new share is required, do contact the company director and secretary or managing agents (where relevant) for this at the earliest opportunity. The majority of freeholders or managing agents in Headington levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Headington. You may think that you are aware of the number of years left on your lease but you should double-check via your solicitors. A buyer’s conveyancer will not be happy to advise their client to to exchange contracts if the lease term is below 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.

Leasehold Conveyancing in Headington - A selection of Questions you should ask before Purchasing

Is the freehold reversion owned jointly by the leaseholders? How much is the maintenance charge and ground rent on the property? This information is useful as a) areas may cause problems for the block as the communal areas may begin to deteriorate where repairs remain unpaid b) if the leasehold owners have a dispute with the managing agents you will want to know about it

Do online conveyancing companies cover everything a local Headington solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Headington?

Where you use an online conveyancer they will cover all the work your Headington conveyancer would cover.