I have given 2 months notice to my current landlord and have to leave my rented flat in Ettington by 30/1/2026. Conveyancing on my purchase is progressing. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not give notice for your lease unless you have exchanged. Assuming that you have not previously done so, notify to your lawyer and request that they cajole the sellers lawyers, try to an acceptable time-line that all parties will look towards
What does my ID and proof of funds have anything to do with my conveyancing in Ettington? What am I being asked for?
Ettington conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Proof of source of funds is also necessary under the money laundering regulations as solicitors are duty bound to investigate that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the product of illegitimate behaviour.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial land in Ettington?
Its becoming the norm that commercial conveyancing solicitors in Ettington will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Ettington. The report provides 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 Ettington.
For each commercial conveyancing transaction in Ettington it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Ettington commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Ettington.
I have been on the look out for a flat up to £305k and identified one close by in Ettington I like with amenity areas and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Ettington for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
We are 14 days into a residential purchase having been recommend to a firm by the local agent to execute conveyancing in Ettington. I am am very dissatisfied with the quality of service. Can you help me find new conveyancers?
A solicitor would have to be really poor in order to consider changing them. Has the mortgage offer been generated? If so you need to inform them of the new contact details and ensure the mortgage documents are re-issued. Your new solicitor ideally needs to be on the mortgage company panel to avoid escalating fees and frustration. That should be your first question of the new lawyers. The search tool can assist you in finding a lender approved solicitor for your conveyancing in Ettington
Completion is due on our sale of a £125,000 flat in Ettington in nine days. The managing agents has quoted £324 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Ettington?
Ettington conveyancing on leasehold flats ordinarily necessitates administration charges levied by management companies :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Ettington
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a 2 bed flat in Ettington, conveyancing was carried out April 2003. Can you work out an approximate cost of a lease extension? Comparable properties in Ettington with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2092
With just 67 years left to run we estimate the price of your lease extension to range between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.