I have given 8 weeks notice to my current landlord and have to be out of my let out flat in Tadcaster by 22/5/2025. Conveyancing on my purchase is underway. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
Generally one should not serve notice on a rental until your lawyer suggests that you should. Assuming that you have not already done so, notify to your lawyer and request that they chase the sellers side, try to get a realistic time scale from them that everyone will work to achieve
My flat in Tadcaster is up for sale and I have accepted an offer. Does the conveyancing practitioner have to be required to be on the Lloyds conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
What will a local search inform me about the property we're buying in Tadcaster?
Tadcaster conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search plays an important part in most Tadcaster conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
4 months have elapsed since my purchase conveyancing in Tadcaster took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
Due to the input of my in-laws I had a survey completed on a property in Tadcaster ahead of appointing lawyers. I have been told that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend not give a loan on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tadcaster. Conveyancing will be smoother if you use a solicitor in Tadcaster especially if they regularly deal with such properties in Tadcaster.
I only have 68 years left on my flat in Tadcaster. I now wish to get lease extension but my landlord is can not be found. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to demonstrate that you have used your best endeavours to track down the freeholder. For most situations a specialist would be useful to carry out a search and to produce a report to be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Tadcaster.
I inherited a 2 bed flat in Tadcaster, conveyancing was carried out 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Tadcaster with over 90 years remaining are worth £191,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2079
With 54 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.