I have given 2 months notice to my current landlord and must be out of my let out apartment in Aston by 4/8/2025. Conveyancing for my house purchase is progressing. Can I complete in 5 weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice for your tenancy until your lawyer suggests that you should. If you have not previously done so, contact to your conveyancer and request that they apply pressure on the owners side, try to a target completion date that everyone will work towards
We are looking to buy a house and need a conveyancing solicitor in Aston who is on the HSBC approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Aston.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial site in Aston?
Many commercial conveyancing solicitors in Aston will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Aston. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Aston.
For every commercial conveyancing transaction in Aston it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Aston commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Aston.
Are there restrictive covenants that are commonly identified during conveyancing in Aston?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Aston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Aston I like with open areas and station in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Aston in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may 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 and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
What are the common defects that you encounter in leases for Aston properties?
Leasehold conveyancing in Aston is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain sections are wrong. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the premises Maintenance charge proportions which don’t add up to the correct percentage
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Chelsea Building Society, and Clydesdale all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to pull out.
I purchased a studio flat in Aston, conveyancing was carried out 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Aston with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2087
You have 62 years remaining on your lease we estimate the premium for your lease extension to range between £17,100 and £19,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.