I have given 8 weeks notice to my current landlord and have to be out of my let out apartment in Delabole by 12/12/2025. Conveyancing on my purchase is progressing. How realistic is it to complete in a couple of weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice for your lease until exchange of contracts has taken place. Assuming that you have not already done so, notify to your conveyancer and urge them to they seek the assistance the sellers side, try to an agreed time frame that all parties will look to achieve
What is the difference between a licensed conveyancer and conveyancing solicitor in Delabole
There are many registered licenced Conveyancers in Delabole and Solicitor practices in Delabole who can assist with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am new to the home moving as FTB of a garden flat in Delabole. Do I collect the keys to the property on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Delabole?
On the day of completion you will not be required to attend the conveyancers office in Delabole. Conveyancing lawyers for you will transfer the purchase money to the owner’s conveyancers, and once they have received this, you should be called to pick up the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
is it true that all Delabole solicitor firms on the TSB conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
A friend recommended that if I am buying in Delabole I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Delabole conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Delabole around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Delabole Education with plans and statistics, Local Amenities and other useful data concerning Delabole.
My wife and I purchased a 4 bedroom Edwardian house in Delabole. Conveyancing solicitor represented me and Birmingham Midshires. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Birmingham Midshires to clarify?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Delabole and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who conducted the work.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Delabole is where the house is located. Is there any advice you can impart?
Flying freeholds in Delabole are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Delabole you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Delabole 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 residence.
I am looking at a couple of maisonettes in Delabole both have about forty five years remaining on the leases. Will this present a problem?
There is no doubt about it. A leasehold flat in Delabole is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the property. For most buyers and lenders, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Delabole conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I purchased a split level flat in Delabole, conveyancing having been completed 4 years ago. How much will my lease extension cost? Corresponding flats in Delabole with an extended lease are worth £176,000. The ground rent is £50 yearly. The lease finishes on 21st October 2075
With 50 years left to run the likely cost is going to be between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.