I have given 8 weeks notice to my existing landlord and must vacate my let out flat in Stockton Heath by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as don't want to have to move into short term accommodation?
It is unwise to give notice for your letting unless exchange of contracts has taken place. If you have not already done so, speak to your conveyancer and ask them to they apply pressure on the sellers lawyers, try to get a realistic time scale from them that all parties will look towards
I am purchasing a semi-detached house in Stockton Heath. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Stockton Heath you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Stockton Heath.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Stockton Heath. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Stockton Heath
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
Due to the advice of my in-laws I had a survey completed on a property in Stockton Heath in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend not issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stockton Heath. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be wary that estate agents that I am dealing with are recommending an internet conveyancing firm rather than a local Stockton Heath conveyancing company?
As with many service providers, often referrals from connections can be worth their weight in gold. But there are many people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all put forward conveyancers to appoint. On occasion the lawyers might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You are free to select your own conveyancer. However, bear in mind that some lenders have an approved list of solicitors you are obliged to use for the lender related work in your transaction.
I am a negotiator for a busy estate agency in Stockton Heath where we have witnessed a few flat sales put at risk as a result of short leases. I have been given contradictory information from local Stockton Heath conveyancing solicitors. Could you clarify whether the vendor of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.
Stockton Heath Leasehold Conveyancing - Examples of Queries before Purchasing
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Can you tell me if there are any major works on the horizon that could add a premium to the maintenance charges? It would be sensible to find out if there are any onerous restrictions in the lease. For instance it is fairly common in Stockton Heath leases that pets are not permitted in certain buildings in Stockton Heath. If you like the flatin Stockton Heath but your cat can’t make the move with you then you will be presented with a hard choice. What is the name of the managing agents?