I have given 8 weeks notice to my existing landlord and must be out of my rented apartment in Farnham by 30/5/2025. Conveyancing for my house purchase has just started. Can I complete in three weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice for your letting until exchange of contracts has taken place. If you have not previously done so, speak to your lawyer and urge them to they chase the sellers solicitors, try to an agreed time frame that all parties will look towards
My lawyer in Farnham has never been on on the Yorkshire Building Society Approved Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your existing Farnham lawyers but Yorkshire Building Society will need to retain a conveyancer on their panel. This will inevitably rack up the overall legal charges and result in delays.
- Find a new solicitor to act in the conveyancing, obviously checking they are Convince your conveyancer to do everything within their powers to join the Yorkshire Building Society conveyancing panel
My friend suggested that if I am purchasing in Farnham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Farnham conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Farnham around the property and the people living there. It includes 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 Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Farnham.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Farnham I like with open areas and transport links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Farnham in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Farnham. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Farnham ?
The majority of houses in Farnham are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Farnham in which case you should be looking for a Farnham conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the property is part of an estate. Your lawyer will advise you fully on all the issues.
I am the registered owner of a leasehold flat in Farnham, conveyancing was carried out July 1998. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Farnham with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease ends on 21st October 2082
With just 57 years left to run we estimate the premium for your lease extension to range between £28,500 and £33,000 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns 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 without first getting professional advice.
How much experience do your Farnham conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Farnham conveyancing lawyers help thousands of people move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Farnham conveyancers have worked on recent similar matters.