I have given 8 weeks notice to my current landlord and must vacate my rented apartment in Tanworth In Arden by 3/6/2025. Conveyancing on my purchase is underway. How realistic is it to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice for your lease until exchange of contracts has taken place. If you have not previously done so, contact to your solicitor and ask them to they chase the sellers lawyers, try to an acceptable time-line that all parties will look towards
Can I use your services to find a Conveyancing solicitor in Tanworth In Arden even where I’m not buying or disposing of a house, for example where I intend to buy a shop in Tanworth In Arden with a mortgage from Barnsley Building Society?
The service is mainly used to find domestic conveyancing solicitors in Tanworth In Arden but we have set out at the bottom of this page a few Tanworth In Arden commercial conveyancing firms. You should speak with the company directly to establish if they are also authorised to represent Barnsley Building Society
I have been told that property searches are the main cause of stalling in Tanworth In Arden conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Tanworth In Arden.
I'm buying my first flat in Tanworth In Arden benefiting from help to buy. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not to tell my conveyancer about the side-deal as it could jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey completed on a property in Tanworth In Arden before instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks will refuse to give a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tanworth In Arden. Conveyancing will be smoother if you use a solicitor in Tanworth In Arden especially if they are acquainted with such properties in Tanworth In Arden.
My wife and I purchased a leasehold flat in Tanworth In Arden. Conveyancing and Skipton Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Tanworth In Arden who previously acted has now retired. Any advice?
First contact HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Tanworth In Arden conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a leasehold flat in Tanworth In Arden, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Tanworth In Arden with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease runs out on 21st October 2082
With just 57 years remaining on your lease the likely cost is going to range between £28,500 and £33,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.