I have given 8 weeks notice to my current landlord and must vacate my let out flat in Minera by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not provide notice for your letting unless your lawyer suggests that you should. Assuming that you have not already done so, notify to your conveyancer and request that they chase the other solicitors, try to an agreed time frame that all parties will look towards
It has been four months following my purchase conveyancing in Minera completed. I have checked the Land Registry site 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.
I opted to have a survey done on a house in Minera in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check with 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 Minera. Conveyancing will be smoother if you use a solicitor in Minera especially if they are accustomed to such properties in Minera.
I am looking into buying my first house which is in Minera and I am already nervous. I couldn't find anything specific about Minera. Conveyancing will be needed in due course but do you know about the Minera area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Minera. In the meantime here are some basic statistics that we found
I work for a long established estate agency in Minera where we have witnessed a number of flat sales put at risk as a result of short leases. I have been given contradictory information from local Minera conveyancing firms. Could you confirm whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a garden flat in Minera, conveyancing was carried out 7 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Minera with an extended lease are worth £179,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease terminates on 21st October 2082
With 57 years left to run we estimate the price of your lease extension to range between £26,600 and £30,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
What is the distinction between surveying and conveyancing in Minera?
Conveyancing - in Minera or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the seller to remedy the problems before you move in.