I have given 2 months notice to my existing landlord and have to leave my let out flat in Grasmere by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in three weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice for your tenancy unless you have exchanged. Assuming that you have not previously done so, speak to your conveyancer and ask them to they cajole the owners side, try to a target completion date that everyone will work to achieve
How do I investigate if the solicitor handling my conveyancing in Grasmere is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £192.00 in further legal costs.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Grasmere’ or your preferred area and you will discover a number of lawyer offices in Grasmere or nearest you.
I have been on the look out for a flat up to £245,000 and found one close by in Grasmere I like with amenity areas and railway links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Grasmere for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the expected 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 can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am selling my house. My former lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Grasmere if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Grasmere. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Grasmere. I have discover a site which appears to be the ideal solution If it is possible to get all formalities completed via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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 busy estate agency in Grasmere where we have experienced a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Grasmere conveyancing solicitors. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that 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. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 buyer.
I invested in buying a ground floor flat in Grasmere, conveyancing having been completed in 2002. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Grasmere with an extended lease are worth £255,000. The ground rent is £45 invoiced every year. The lease finishes on 21st October 2098
With only 73 years left to run the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.