My partner and I have recently bought a house in Oadby. We have since encountered a number of problems with the property which we suspect were missed in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted as part of conveyancing in Oadby?

It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Oadby. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a document referred to as a SPIF. answers proves to be incorrect, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Oadby.

I am planning to move home in March. Should my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you recommend a removal company in Oadby. Conveyancing firm was chosen before I stumbled across this site.

On the afternoon of completion you will need to collect the keys from your selling agent however this should only be done once the vendors conveyancers advise the agent that the monies to complete are in and the keys can be given over. You will need to inform the removal men that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you choose a residential property solicitor in Oadby or a legal practice with expertise in conveyancing in Oadby.

Please help - my lawyer advises that flying freehold insurance is needed on my purchase. What is the level of cover for Oadby conveyancing?

The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and The Mortgage Works. Conveyancing solicitors as opposed to borrowers take out such insurances.

Does a directory service exist listing UBS panel conveyancers in Oadby on the UK Finance Lenders’ Handbook Website?

No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable online. If you are seeking to appoint a Oadby solicitor on the UBS please use our facility.

I require expedited conveyancing in Oadby as I am faced with pressure to sign on the dotted line within 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?

If.Given you are not getting a home loan you are at liberty not to have searches carried out although no lawyer would suggest that you don't. With plenty of history conveyancing in Oadby the following are instances of issues that can arise and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Unadopted Roads,...

I have been on the look out for a flat up to £235,500 and found one round the corner in Oadby I like with open areas and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Oadby suitable, so just wondered if I would be making a grave error acquiring a short lease?

If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

Last September I purchased a leasehold house in Oadby. Am I liable to pay service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Oadby - Examples of Queries Prior to Purchasing

How much is the ground rent and service charge? Is anyone aware of any major works in the planning that will likely add a premium to the maintenance fees? It would be sensible to find out as much as possible about the company managing the building as they can either make life much easier or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the common parts. You should not be shy to ask prospective neighbours whether they are happy with their management. On a final note, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what it includes.