I have given 8 weeks notice to my existing landlord and must leave my rented property in Lakenham by 29/8/2025. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as don't want to have to move into temporary accommodation?
It is unwise to give notice on a rental unless you have exchanged. If you have not already done so, update to your solicitor and request that they chase the owners solicitors, try to get a realistic time scale from them that everyone will work towards
Should our lawyer be asking questions about flooding as part of the conveyancing in Lakenham.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Lakenham. There are those who purchase a house in Lakenham, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous checks that may be undertaken by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Lakenham. The standard property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the seller to determine if the premises has ever been flooded. If flooding has previously occurred and is not revealed by the vendor, then a buyer could commence a compensation claim as a result of such an inaccurate answer. The purchaser’s solicitors will also commission an enviro search. This will disclose if there is any known flood risk. If so, more detailed inquiries will need to be conducted.
three months have elapsed following my purchase conveyancing in Lakenham concluded. I have checked the Land Registry website which shows that I paid £175,000 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 property 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.
Just had an offer accepted on a new build flat in Lakenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Lakenham
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey completed on a property in Lakenham ahead of appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks will refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lakenham. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my grandmother I am selling a property in Swansea but live in Lakenham. My solicitor (based 200 miles awayhas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Lakenham to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Lakenham based