I have given 2 months notice to my current landlord and must leave my let out apartment in Bridport by the end of next month. Conveyancing on my purchase is underway. Can I complete in a couple of weeks as don't want to have to move into short term accommodation?
Generally one should not give notice for your lease unless exchange of contracts has taken place. Assuming that you have not previously done so, notify to your conveyancer and ask them to they chase the other side, try to get a realistic time scale from them that all parties will look towards
Finally the sale completed on my house in Bridport last December but the buyer keeps texting daily complaining that their lawyer needs to hear from mine. What should my lawyer have done following completion?
Following your sale your conveyancer is committed to forward the transfer deeds and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer should also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion requirements peculiar conveyancing in Bridport.
It has been 4 months following my purchase conveyancing in Bridport concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Bridport is where the house is located. What do you suggest?
Flying freeholds in Bridport are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bridport you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bridport may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my existing house to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a deposit on a second house. The area we are interested in is Bridport. Will your lawyers be able to act for both sets of banks and tie in the conveyances?
Make use of our search tool on this site to be sure that the conveyancers are on the relevant lender panels. Assuming that they are the conveyancer will be able to tie up the two conveyancing matters but you should talk with you solicitor and communicate your expectations and needs.
I am employed by a busy estate agency in Bridport where we have witnessed a few flat sales put at risk as a result of leases having less than 80 years remaining. I have received conflicting advice from local Bridport conveyancing firms. Please can you clarify whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Bridport Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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Is anyone aware of any major works on the horizon that will likely increase the service costs? What is the name of the managing agents? How many of the leaseholders are in arrears for their maintenance charge payments?