I have given 8 weeks notice to my existing landlord and have to be out of my rented apartment in Ouston by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in a couple of weeks as don't want to have to find short term accommodation?
It is unwise to give notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, contact to your lawyer and urge them to they seek the assistance the owners side, try to get a realistic time scale from them that all parties will aim towards
Our bank has suggested solicitors on their panel based in Ouston but I would rather use a conveyancing lawyer in Ouston or nearer to where I live. Are you able to help?
The minority of Ouston conveyancing solicitors are approved and listed on all banks conveyancing panel. Use our search tool to choose a Ouston conveyancing conveyancer on the on the lender panel.
I am buying a house and the conveyancer has identified Chancel Repair to which the house could be liable as it falls into the area of such a church. He has recommended insurance. Is this strictly necessary for conveyancing in Ouston
Unless a prior purchase of the premises took place post 12 October 2013 you could take it that solicitors carrying out conveyancing in Ouston to continue to propose a a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Ouston is the location of the property. Is there any advice you can give?
Flying freeholds in Ouston are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ouston you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ouston may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Ouston. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Ouston ?
The majority of houses in Ouston are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Ouston in which case you should be looking for a Ouston conveyancing practitioner and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your conveyancer will advise you fully on all the issues.
I own a ground floor flat in Ouston, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Ouston with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2076
With only 51 years unexpired we estimate the price of your lease extension to span between £30,400 and £35,200 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to advice on 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 considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
My son is about to join the property ladder, he had his mortgage in principle. After the seller agreed the offer on the house we telephoned the bank to progress the mortgage application. I was shocked to learn that banks do not accept all lawyer, they need to be on their approved list, is this correct?
Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Ouston solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.