I have given 2 months notice to my existing landlord and must be out of my let out apartment in Fir Vale and Wadsley Bridge by 22/8/2025. Conveyancing for my house purchase is underway. Is it possible to complete in 5 weeks as don't want to have to find temporary accommodation?
It is unwise to provide notice on a rental until exchange of contracts has taken place. If you have not already done so, notify to your lawyer and urge them to they apply pressure on the sellers solicitors, try to get a realistic time scale from them that everyone will work to achieve
Do commercial conveyancing searches disclose impending roadworks that could impact a commercial land in Fir Vale and Wadsley Bridge?
Its becoming the norm that commercial conveyancing solicitors in Fir Vale and Wadsley Bridge will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Fir Vale and Wadsley Bridge. 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 Fir Vale and Wadsley Bridge.
For every commercial conveyancing transaction in Fir Vale and Wadsley Bridge 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 may cause delays to Fir Vale and Wadsley Bridge commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Fir Vale and Wadsley Bridge.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Fir Vale and Wadsley Bridge I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Fir Vale and Wadsley Bridge in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I need to retain a conveyancing solicitor for some conveyancing in Fir Vale and Wadsley Bridge. I have land on a web site which looks to be the ideal offering If there is a chance to get all this stuff done via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am employed by a long established estate agency in Fir Vale and Wadsley Bridge where we see a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Fir Vale and Wadsley Bridge conveyancing solicitors. Could you confirm whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the registered owner of a leasehold flat in Fir Vale and Wadsley Bridge, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Fir Vale and Wadsley Bridge with a long lease are worth £211,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2093
With only 68 years left to run the likely cost is going to range between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should 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.
Much to my surprise my solicitor in Fir Vale and Wadsley Bridge has informed me that he requires ID documents saying that this is part of his requirements as a conveyancer on the bank Solicitor panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Fir Vale and Wadsley Bridge