I have given 2 months notice to my current landlord and must vacate my let out property in Preston by 3/2/2025. Conveyancing on my purchase is progressing. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to serve notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, speak to your lawyer and request that they seek the assistance the owners lawyers, try to an acceptable time-line that all parties will work to achieve
Do conveyancers ask for an advanced payment for my conveyancing in Preston?
If you are buying a property in Preston your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is called for to cover the fees of the Local Authority Search. When the down payment is payable against the sale price then this should be required shortly in advance of exchange of contracts. The final balance that is needed should be sent to your lawyer shortly before completion.
I have a terraced Edwardian house in Preston. Conveyancing practitioner acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Preston and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing lawyer who conducted the conveyancing.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Preston is where the house is located. What do you suggest?
Flying freeholds in Preston are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Preston you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Preston 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 residence.
What does commercial conveyancing in Preston cover?
Non domestic conveyancing in Preston incorporates a wide array of advice, offered by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My cousin has encouraged me to instruct his conveyancers in Preston. Should I use them?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to get referrals from friends or family who have used the solicitor that you are considering.