I am under pressure from the executor of a property in Summertown and Botley to exchange within four weeks. What can be done to speed up the legal process?

In the event that the seller is applying time constraints to exchange we would recommend that your conveyancer is familiar with the location as they will have local connections and knowledge. It is possible that they could have transacted previousproperties in the same road. You would be best advised to use a Summertown and Botley conveyancing lawyer. Second, make sure that the lawyer is on the member panel. It is estimated that 18% of Summertown and Botley conveyancing deals are held up or derailed after finding out that a buyer’s conveyancer was not on their banks list of approved solicitors. This can often result in the legal transfer of property being held up by as much as three weeks. It is believed that this issue affects in the region of 100,000 home sales every year. Almost all Summertown and Botley conveyancing practices can not act for certain mortgage companies so do check at the outset.

Is there a reason why leasehold purchase conveyancing in Summertown and Botley is more expensive?

In summary, leasehold conveyancing in Summertown and Botley and Oxfordshire usually involve extra hours of investigation compared to freehold conveyancing. This includes checking the lease terms, liaising with the landlord concerning serving required notices, obtaining current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.

Me and my partner are buying a property in Summertown and Botley. I might seem paranoid but how we can trust a lawyer? At some point we will need to put funds into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I am assisting my sister sell her property in Summertown and Botley. Does the conveyancer arrange the EPC or it is for the seller to coordinate?

After the abolition of Home Packs, energy performance certificates remained a required component of moving property. An energy performance certificate needs to be commissioned before the property is advertised. This is not a task that law firms ordinarily arrange. If you are instructing a Summertown and Botley conveyancing lawyer they may be able to arrange EPC’s due to their contacts with long established local providers

I happen to be the only recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Summertown and Botley. The Summertown and Botley property was put into my name in October. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be considered the same way as if I'd bought the property in October. Is the property unsalable for six months?

The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How practical a view mortgage companies take of it, depend on the mortgage company as this obligation is principally there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.

I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Summertown and Botley I like with a park and railway links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Summertown and Botley suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.

Is it the case that all Summertown and Botley legal practices on every lender conveyancing panel?

You can use our search tool or you can go into your high street bank branch in Summertown and Botley. Chances are that they will be in a position to list some approved conveyancing solicitors in Summertown and Botley