I have given 2 months notice to my existing landlord and must vacate my rented flat in Pencoed by the end of next month. Conveyancing on my purchase has just started. Can I complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to serve notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, notify to your lawyer and ask them to they apply pressure on the other solicitors, try to a target completion date that all parties will work to achieve
What happens if my lawyer’s firm is suspended from the RBS Conveyancing panel ahead of completing my conveyancing in Pencoed?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My partner and I are selling our home in Pencoed and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the purchasers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Pencoed. We have lived in Pencoed for 5 years we know of no issue. Do we contact our local Authority to get clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am looking for a ground for flat up to £195,000 and found one round the corner in Pencoed I like with a park and transport links nearby, however it only has 51 remaining years left on the lease. There is not much else in Pencoed in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I need to find a conveyancing solicitor for purchase conveyancing in Pencoed. I have land on a site which looks to be the ideal answer If there is a chance to get all this stuff done via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you provide any advice for leasehold conveyancing in Pencoed from the perspective of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Pencoed can be avoided if you appoint lawyers the minute your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ solicitors. You believe that you know the number of years remaining on your lease but you should double-check via your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. In the circumstances it is important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. The majority of landlords or Management Companies in Pencoed charge for providing management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in Pencoed. If you are supposed to have a share in the freehold, you should ensure that you are holding the original share document. Obtaining a duplicate share certificate can be a time consuming process and slows down many a Pencoed conveyancing deal. If a reissued share is needed, do contact the company officers or managing agents (where applicable) for this as soon as possible.
Pencoed Leasehold Conveyancing - Examples of Queries before Purchasing
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Is anyone aware of any major works on the horizon that will likely increase the service charges? How many of the leaseholders are in arrears for their maintenance charge payments? The answer will be useful as a) areas could cause problems for the block as the communal areas may begin to deteriorate if services remain unpaid b) if the tenants have an issue with the managing agents you will want to have all the details