My wife and I are soon to exchange on the purchase of a property in Oxton but as a consequence of wreckage from some water damage at the property I have was able negotiate reparation from the vendor of £3k by way of a adjustment in the price. This was going to be addressed as part of amending the contract but UBS are not allowing this. Why were they informed?
The property lawyer that is on a UBS conveyancing panel is required to disclose to UBS of any variations to the purchase price. If you were to refuse your lawyer to disclose the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new conveyancer for your conveyancing in Oxton.
We see that you have a search directory identifying solicitors on the Yorkshire BS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Oxton?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Oxton.
What does a local search inform me regarding the house I am buying in Oxton?
Oxton conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search plays a central part in most Oxton conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I have a semi-detached Victorian property in Oxton. Conveyancing lawyer represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Oxton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who carried out the work.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Oxton is the location of the property. What do you suggest?
Flying freeholds in Oxton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Oxton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oxton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.