I have given 2 months notice to my current landlord and must be out of my rented property in Great Missenden by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to find temporary accommodation?
Generally one should not give notice for your lease until you have exchanged. Assuming that you have not already done so, update to your solicitor and request that they cajole the other solicitors, try to get a realistic time scale from them that everyone will work to achieve
Is there a reason why leasehold purchase conveyancing in Great Missenden costs more?
Great Missenden leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am selling my flat in Great Missenden. Does the solicitor have to be on the Co-operative conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am helping my sister sell her flat in Great Missenden. Will the conveyancer arrange the EPC or it is for the owner to coordinate?
Following the abolition of HIPs, EPC’s was retained a mandatory part of selling a house. An EPC should be commissioned before the property is placed on the market. It is not something that solicitors ordinarily organise. Where you are instructing a Great Missenden conveyancing lawyer they may be willing to arrange EPC’s due to their relationships with long established local accredited person
When it comes to lenders such as RBS, do Great Missenden solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I recently had an offer accepted on an apartment in Great Missenden. My mortgage broker suggested a solicitor. I paid an on account payment of £200. Not long after, the conveyancing practitioner called me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need to find a conveyancing solicitor for residential conveyancing in Great Missenden. I happened to discover a site which looks to be the perfect answer If there is a chance to get all formalities done via phone that would be ideal. Do I need to be wary? 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 have just started marketing my 2 bed flat in Great Missenden. Conveyancing has not commenced, but I have recently had a half-yearly service charge invoice – what should I do?
It best that you clear the service charge as usual given that all rents and maintenance invoices will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a leasehold flat in Great Missenden, conveyancing was carried out 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Great Missenden with a long lease are worth £185,000. The ground rent is £65 charged once a year. The lease comes to an end on 21st October 2085
With only 60 years remaining on your lease we estimate the price of your lease extension to span between £20,000 and £23,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.