I have given 2 months notice to my current landlord and have to vacate my let out apartment in Fishponds by 14/5/2025. Conveyancing on my purchase is underway. Can I complete in six weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to give notice on a rental until your lawyer suggests that you should. If you have not previously done so, speak to your lawyer and ask them to they chase the owners side, try to a target completion date that everyone will look towards
I am buying my first flat in Fishponds with a mortgage from Chelsea Building Society. The builders refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not reveal to my solicitor about this extras as it could put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Fishponds I like with a park and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Fishponds suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 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 current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
What makes your site different to alternative web based conveyancing brokers when it comes to conveyancing in Fishponds?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Fishponds. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you appoint them for your property ownership legalities in Fishponds
I am hoping to complete next month on a studio apartment in Fishponds. Conveyancing solicitors inform me that they report fully next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Fishponds should include some of the following:
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Where does the liability rest for repairing the window frames How long the lease is. You should receive guidance as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years Are pets allowed in the flat? Rent payments - what is payable and what the invoice dates are, and be on notice if this will change in the future You need to be told what counts as a Nuisance as far as the lease is concerned
I own a 1st floor flat in Fishponds, conveyancing formalities finalised July 2003. How much will my lease extension cost? Comparable properties in Fishponds with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2089
With 64 years remaining on your lease the likely cost is going to be between £15,200 and £17,600 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. 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. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
Why do Fishponds conveyancing charges are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Fishponds will often involve additional due diligence including reviewing the lease, communicating with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.