I have given 8 weeks notice to my current landlord and must leave my rented apartment in Meir by the end of next month. Conveyancing for my house purchase has just started. Can I complete in a couple of weeks as don't want to have to move into short term accommodation?
Generally one should not provide notice for your tenancy until exchange of contracts has taken place. Assuming that you have not already done so, speak to your conveyancer and request that they chase the sellers solicitors, try to an agreed time frame that everyone will aim to achieve
we are a couple who intend to purchase a purpose built apartment in Meir with a loan from TSB.We would like to retain our Meir conveyancing lawyer but TSB informed us his firm is not on their approved list of member firms. we are left little option but to use a TSB panel lawyer or retain our preferred solicitor and pay for a TSB panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its various provisions, one of which will be that conveyancers will be on the TSB conveyancing panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for TSB
My relative suggested that if I am purchasing in Meir I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Meir conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Meir around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Meir Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Meir.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Meir I like with amenity areas and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Meir in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I am looking for a conveyancing solicitor in Meir for my sale. Is it possible to check a solicitor's complaints history with the legal regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.
Frank (my husband) and I may need to rent out our Meir ground floor flat for a while due to a new job. We instructed a Meir conveyancing firm in 2004 but they have closed and we did not have the foresight to get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
The lease governs the relationship between the landlord and you the leaseholder; specifically, it will indicate if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Meir do not contain subletting altogether – such a clause would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I am the registered owner of a 1st floor flat in Meir, conveyancing was carried out in 2007. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Meir with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease comes to an end on 21st October 2084
With just 60 years left to run the likely cost is going to range between £20,000 and £23,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.