Are the Oakwood conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?

Oakwood conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.

I bought my flat on 12 September and my personal details are still not registered. Should I be concerned? My conveyancing solicitor in Oakwood advises it should be registered inside ten days. Are transfers in Oakwood particularly slow to register?

There is nothing unique about conveyancing in Oakwood registration formalities. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and if the Land registry communicate with any third parties. At present approximately 80% of such applications are fully dealt with within 12 days but occasionally there can be extensive hold-ups. Historically registration is effected after the buyer has moved in to the property thus an expedited registration is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.

Just had an offer accepted on a new build apartment in Oakwood. Conveyancing is necessary evil 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 conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Oakwood

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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.

Am I best advised to instruct a Oakwood conveyancing solicitor based in the location that I am purchasing? We have a good friend who can carry out the legal formalities however they are based over three hundred miles away.

The primary upside of using a local Oakwood conveyancing practice is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were impressed that must trump using an unfamiliar Oakwood conveyancing solicitor just because they are based in the area.

All being well we will complete the sale of our £400,000 apartment in Oakwood on Thursday in a week. The managing agents has quoted £420 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Oakwood?

Oakwood conveyancing on leasehold maisonettes ordinarily involves administration charges levied by managing agents :

Completing pre-contract enquiries Where consent is required before sale in Oakwood Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Oakwood leasehold premises is £350. For Oakwood conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply answers.

Oakwood Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

Does the lease have in excess of 82 years remaining? Are there any major works in the planning that could increase the maintenance costs? In the main the outlay for major works tend not to be included within service charges, although some managing agents in Oakwood ask tenants to contribute towards a sinking fund and this is used to offset against major works.