I have given 8 weeks notice to my existing landlord and must be out of my rented property in Debenham by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in a couple of weeks as don't want to have to find short term accommodation?
It is unwise to provide notice on a rental unless your lawyer suggests that you should. If you have not already done so, speak to your conveyancer and urge them to they seek the assistance the owners side, try to get a realistic time scale from them that all parties will work to achieve
I purchased a freehold premises in Debenham but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Debenham and has limited impact for conveyancing in Debenham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Debenham. 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 conveyancing.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Debenham
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What tools are available to search for a Debenham solicitor on the Lloyds TSB Bank conveyancing panel? I am a keen cyclist and am prepared to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Debenham conveyancing lawyers located nearest you. We have listed some Debenham conveyancing firms towards the end of this page and you can call them to check if they are on the Lloyds TSB Bank approved list
I am looking at a two apartments in Debenham which have about fifty years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Debenham. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
Debenham Leasehold Conveyancing - Sample of Queries before buying
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You should be aware that where the lease has no more than eighty years it will impact the value of the flat. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will almost definitely need a lease extension at some point and you need to have some idea of what this will be. Remember, in most cases you would be required to have been the owner of the premises for two years before you are eligible to carry out a lease extension. Its a good idea to discover as much as you can about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the cleanliness of the communal areas. Ask other tenants whether they are happy with them. On a final note, find out the dates that you are obliged pay the service charge to the relevant party and specifically what you get for your money. How is the lease structured?
We are soon to purchasing a apartment in Debenham. Could the solicitor have the amount we are are buying for a secret from sites such as Zoopla. How could this be done?
HMLR as a matter of law obliged to note price paid information on a register of the title for domestic properties countrywide which includes homes in Debenham. The Title Register is a public document, so the Land Registry would be breaking the law excluded specific properties such as your property in Debenham.
In essence you can make a request of the Land Registry to withhold the amount paid entry but the response would be in the negative.