I have given 2 months notice to my existing landlord and must vacate my rented apartment in Aldersgate by 22/7/2025. Conveyancing on my purchase is underway. Can I complete in six weeks as I wish to avoid having to find short term accommodation?
It is unwise to serve notice for your letting until exchange of contracts has taken place. Assuming that you have not previously done so, speak to your solicitor and urge them to they seek the assistance the owners solicitors, try to get a realistic time scale from them that all parties will look to achieve
There are plenty of conveyancing solicitors in Aldersgate but how do I know who I should use?
We would encourage you not to base your choice on the lowest Aldersgate conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Aldersgate. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I do know about the CML 6 month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in April. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. Some mortgage companies would take a practical view as this requirement is primarily there to capture subsales or the quick reselling of properties.
Clydesdale have agreed my home loan in principle, my bid on a house in Aldersgate has been accepted, now what?
The estate agent will want to be advised as to your conveyancing practitioner's details (be sure the solicitors are on the lender’s approved list). Contact Clydesdale or your financial adviser and complete any outstanding forms. Clydesdale will instruct a valuer who will get in touch with the selling agent or owners to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Clydesdale will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Aldersgate.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Aldersgate? or I am told that there is a law dating back centuries that could mean that owners of property living in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this applicable for conveyancing in Aldersgate?
Unless a prior acquisition of the premises completed post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Aldersgate to remain encouraging a chancel search and or insurance against a claim.
How does conveyancing in Aldersgate differ for newly converted properties?
Most buyers of new build premises in Aldersgate come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Aldersgate usually purchase the real estate, 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 property lawyers 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 Aldersgate or who has acted in the same development.
I have recently realised that I have Sixty One years remaining on my lease in Aldersgate. I am keen to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to find the freeholder. For most situations an enquiry agent would be helpful to try and locate and prepare a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Aldersgate.
I inherited a ground-floor 1960’s flat in Aldersgate. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for a lease extension?
Where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Lease Extension matter before the tribunal for a Aldersgate premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The remaining number of years on the lease was 72.39 years.
Would local authority permission be necessary to convert a single dwelling into two appartments in Aldersgate? This has taken place to a property next door to my home in Aldersgate and was unaware of the conversion until it was done.
Planning Permission yes. Building Reg Approval yes.