I have given 2 months notice to my current landlord and have to vacate my let out apartment in Bosham by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 4 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not provide notice on a rental unless exchange of contracts has taken place. Assuming that you have not already done so, contact to your conveyancer and request that they apply pressure on the owners side, try to an acceptable time-line that all parties will work towards
Having sold my house in Bosham last September yet the purchaser is SMS messaging me to say their lawyer is waiting to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your sale your conveyancer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Where relevant, your conveyancer must also evidence that the home loan has been repaid to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Bosham.
I had intended to instruct a conveyancing solicitor in Bosham for our home move. Our financial adviser has since advised us that our mortgage company National Westminster Bank won't deal with them. Surely this is unfair competition?
Mortgage Companies ordinarily imposes restrictions either the type or the amount of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, a few lenders have decided to limit the number of solicitor practices they permit to represent them. Be aware that National Westminster Bank have no responsibility for the quality of advice provided by any member of National Westminster Bank Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there are mixed views regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that hundreds of law firms, including some in or near Bosham only execute very few conveyances a year.
We are selling our home in Bosham and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers are using an online conveyancing firm rather than a conveyancing solicitor in Bosham. Having lived in Bosham for 4 years we know that this is a non issue. Do we contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am buying a new build flat in Bosham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bosham
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I want to let out my leasehold apartment in Bosham. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Your lease dictates relations between the freeholder and you the flat owner; specifically, it will say if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Bosham do not prevent strict prohibition on subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
I invested in buying a studio flat in Bosham, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Bosham with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease ceases on 21st October 2083
With just 57 years left to run the likely cost is going to be between £28,500 and £33,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.