I have given 8 weeks notice to my existing landlord and have to be out of my rented flat in Great Coates by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice on a rental until you have exchanged. Assuming that you have not previously done so, update to your lawyer and urge them to they chase the owners lawyers, try to a target completion date that everyone will look to achieve
I just bought a flat at auction in Great Coates. Conveyancing is necessary. What are my next steps?
Having exchanged you will need to retain a conveyancing lawyer as a matter of priority as you will have a fast approaching a fixed date to complete the purchase. All auction property will have a bespoke auction pack. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in order to complete the transaction on the set completion date.
My solicitor has informed me that lack of right of way insurance is required on my purchase. What is the level of cover for Great Coates conveyancing?
The right level of lack of right of way indemnity insurance should be dictated by who your lender. It would differ for example between National Westminster Bank and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such insurances.
We had appointed solicitors based in Great Coates on the Aldermore solicitor panel. They are now charging me a further fee for dealing with the Aldermore mortgage. Is this an additional conveyancing fee set by Aldermore?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancer can levy a fee for this. This charge is not set by Aldermore but by your Great Coates conveyancing practitioner. Some firms on the Aldermore panel will levy ’dealing with mortgage’ fee and others do not.
My relative recommended that if I am purchasing in Great Coates I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Great Coates conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Great Coates around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Great Coates Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Great Coates.
I own a semi-detached Victorian property in Great Coates. Conveyancing solicitor acted for me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Coates and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who carried out the work.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Great Coates I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Great Coates suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease may be an issue. Reduce the price 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 twenty four months you could request that they commence the lease extension formalities 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.
Is there a difference between surveying and conveyancing in Great Coates?
Conveyancing - in Great Coates or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to remedy the defects prior to you complete your move.