I have given 8 weeks notice to my existing landlord and have to leave my let out flat in Hindley by 12/1/2026. Conveyancing for my house purchase is progressing. Is it possible to complete in 4 weeks as don't want to have to move into short term accommodation?
It is unwise to give notice for your lease until exchange of contracts has taken place. Assuming that you have not previously done so, speak to your conveyancer and ask them to they chase the sellers lawyers, try to get a realistic time scale from them that everyone will look to achieve
I am the registered owner of a freehold premises in Hindley yet invoiced for rent, why is this and what is this?
It is rare for properties in Hindley and has limited impact for conveyancing in Hindley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I'm purchasing my first flat in Hindley with a loan from Skipton Building Society. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not to tell my conveyancer about this extras as it may impact my mortgage with Skipton Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Hindley?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Hindley. As opposed to estate agents and many comparison sites we do not have commission arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the most per referral, not the best value conveyancing in Hindley
Having checked my lease I have discovered that there are only Fifty years remaining on my lease in Hindley. I need to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the lessor. On the whole a specialist would be helpful to carry out a search and prepare a report which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Hindley.
I acquired a 1st floor flat in Hindley, conveyancing having been completed in 2010. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Hindley with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2078
With only 53 years left to run we estimate the price of your lease extension to span between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
When it comes to my conveyancing in Hindley should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Hindley conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.