Can the conveyancing solicitors revealed through your ’find a lawyer’ app carry out right to buy conveyancing in Woodstock?

We work with a number of conveyancing firms who can conduct right to buy conveyancing Please contact us with a view to secure a conveyancing quote.

We are buying a property and the solicitor has mentioned Chancel Repair to which the property may be liable as it falls into the area of such a church. He has recommended insurance. Is this really warranted for conveyancing in Woodstock

Unless a prior purchase of the property completed post 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Woodstock to continue to propose a a chancel search and or insurance against a claim.

How does conveyancing in Woodstock differ for new build properties?

Most buyers of new build or newly converted property in Woodstock come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Woodstock usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Woodstock or who has acted in the same development.

I decided to have a survey done on a property in Woodstock ahead of retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks may refuse to issue a loan on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Woodstock. Conveyancing may be slightly more expensive based on your lender's requirements.

Can you provide any top tips for leasehold conveyancing in Woodstock from the point of view of expediting the sale process?

• Much of the delay in leasehold conveyancing in Woodstock can be reduced if you get in touch lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the buyers’ lawyers.
Some Woodstock leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. Many freeholders or Management Companies in Woodstock charge for supplying management packs for a leasehold premises. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Woodstock. You may think that you are aware of the number of years left on your lease but you should double-check via your conveyancers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is under 80 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you are supposed to have a share in the freehold, you should ensure that you have the original share document. Arranging a replacement share certificate can be a time consuming process and slows down many a Woodstock conveyancing transaction. If a duplicate share certificate is necessary, you should approach the company director and secretary or managing agents (where applicable) for this at the earliest opportunity.

Leasehold Conveyancing in Woodstock - Sample of Queries Prior to Purchasing

Most Woodstock leasehold properties will have a service charge for maintenance of the block invoiced on behalf of the management company. Should you buy the property you will have to pay this charge, usually in instalments during the year. This could differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, ordinarily this is not a exorbitant sum, say around £25-£75 but you should to check as on occasion it can be surprisingly expensive. If a Woodstock lease has no more than 80 years it will impact the value of the property. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Woodstocklease extensions you will need to own the premises for 24 months before you are eligible to carry out a lease extension. Who manages the block?