I have given 8 weeks notice to my existing landlord and must vacate my rented apartment in Dudley by 7/8/2025. Conveyancing for my house purchase has just started. Can I complete in 4 weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice on a rental until your lawyer suggests that you should. If you have not previously done so, speak to your solicitor and request that they cajole the sellers solicitors, try to an acceptable time-line that all parties will work to achieve
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather appoint a local conveyancing solicitor in Dudley?
Do check but the the probability is that appoint one of their panel solicitors should you accept the "fee-free" incentive. Contact the lender to see if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Dudley.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Dudley?
Many commercial conveyancing solicitors in Dudley will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Dudley. The report 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 Dudley.
For each commercial conveyancing transaction in Dudley it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Dudley commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Dudley.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Dudley I like with a park and transport links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Dudley in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated 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 commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My cousin has suggested that I instruct his lawyers for conveyancing in Dudley. Do I follow his recommendation?
No doubt it’s preferable to select a conveyancing solicitor is to have guidance from friends or family who have used the solicitor that you are considering.
Estate agents have just been given the go-ahead to market my basement apartment in Dudley. Conveyancing has not commenced, however I have recently had a quarterly service charge demand – what should I do?
It best that you pay the service charge as normal because all ground rent and service invoices should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a 1 bedroom flat in Dudley, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Dudley with over 90 years remaining are worth £185,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2085
With only 60 years remaining on your lease we estimate the price of your lease extension to range between £20,000 and £23,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.