I have given 8 weeks notice to my existing landlord and have to leave my rented apartment in Hayling Island by 25/11/2025. Conveyancing on my purchase is underway. Is it possible to complete in a couple of weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice for your lease unless your lawyer suggests that you should. Assuming that you have not already done so, contact to your lawyer and request that they apply pressure on the sellers side, try to a target completion date that all parties will aim towards
Why is leasehold purchase conveyancing in Hayling Island costs more?
In short, leasehold conveyancing in Hayling Island and Hampshire usually requires additional hours of investigation compared to freehold transactions. This includes reviewing the lease, liaising with the landlord concerning serving appropriate notices, obtaining current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.
My wife and I are buying a house in Hayling Island. It might be a silly question but how we can trust a lawyer? On completion day we will need to deposit money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Yorkshire BS panel conveyancers in Hayling Island on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association websites. Very few lenders make their panel listings viewable on the web. If you are in need of a Hayling Island conveyancer on the Yorkshire BS please use our facility.
Last month we had a mortgage agreed in principle with Skipton. Hayling Island conveyancing lawyers were appointed. What is the average time that one could expect to receive a mortgage offer from Skipton?
There is no definitive answer here. Have Skipton conducted the survey? Have you informed Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Me and my brother purchased a semi-detached Georgian house in Hayling Island. Conveyancing solicitor acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read 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 Hayling Island and other locations in 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 mortgage companies. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
I have been on the look out for a leasehold apartment up to £245,000 and found one close by in Hayling Island I like with amenity areas and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Hayling Island in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
We own a leasehold flat in Hayling Island. Conveyancing was finished in 2011. I have heard that I mustn’t allow the the remaining lease term to fall too low. Why is that a problem?
Hayling Island leasehold properties are for a set period - usually ninety nine years when they started. However many appartments in Hayling Island were built or converted in the 60’s and so such leases now have under 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage lenders on the whole require leases to have a minimum of 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to seventy five years. To enhance your property value you should be thinking about whether or not to extend your lease long before you come to sell it. Please note that there are strong financial reasons to taking action before the lease hits 80 years as when the lease is below 80 years the amount you have to pay to extend starts to get a lot more expensive.