I have given 2 months notice to my existing landlord and must vacate my let out property in Harold Wood by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to provide notice for your letting unless exchange of contracts has taken place. If you have not previously done so, notify to your conveyancer and urge them to they chase the other side, try to get a realistic time scale from them that everyone will work to achieve
It has been four months since my purchase conveyancing in Harold Wood concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey carried out on a property in Harold Wood in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders may refuse to grant a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Harold Wood. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for purchase conveyancing in Harold Wood. I happened to stumble upon a web site which seems to have the ideal solution If it is possible to get all formalities completed via phone 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?
My wife and I may need to let out our Harold Wood basement flat temporarily due to a new job. We used a Harold Wood conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
Even though your last Harold Wood conveyancing lawyer is no longer available you can check your lease to check if you are permitted to let out the apartment. The accepted inference is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you are obliged to obtain consent via your landlord or some other party in advance of subletting. The net result is you not allowed to sublet in the absence of prior permission. The consent must not not be unreasonably refused ore delayed. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
I own a ground-floor 1960’s flat in Harold Wood. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
in cases where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the amount due.
An example of a Lease Extension matter before the tribunal for a Harold Wood premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
Why do Harold Wood conveyancing charges are more expensive for leasehold and freehold properties?
Inevitably there is increased work involved for leasehold conveyancing. Harold Wood has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.