I have given 8 weeks notice to my existing landlord and have to vacate my let out property in Whitmore by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as don't want to have to move into short term accommodation?
It is unwise to provide notice for your lease unless your lawyer suggests that you should. Assuming that you have not already done so, update to your lawyer and ask them to they apply pressure on the owners solicitors, try to an acceptable time-line that all parties will look to achieve
I am close to exchanging contracts on the sale of our property in Whitmore and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers are using a national conveyancing firm rather than a conveyancing solicitor in Whitmore. We have lived in Whitmore for many years we know of no issue. Do we get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should check with 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 illness)
How does conveyancing in Whitmore differ for newly converted properties?
Most buyers of new build property in Whitmore approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Whitmore usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Whitmore or who has acted in the same development.
I have been on the look out for a ground for flat up to £305k and found one near me in Whitmore I like with a park and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Whitmore in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I've found a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Whitmore. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Whitmore ?
The majority of houses in Whitmore are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Whitmore so you should seriously consider looking for a Whitmore conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your lawyer should appraise you on the various issues.
Whitmore Leasehold Conveyancing - A selection of Questions you should consider Prior to buying
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The answer will be helpful as a) areas may cause problems in the building as the common areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the managing agents you will wish to have complete disclosure For many Whitmore leaseholds the cost for major works tend not to be included within maintenance charges, albeit that a few managing agents in Whitmore require leaseholders to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance. Are there any major works in the planning that will add a premium to the maintenance costs?
Developers have suggested I use a property lawyer and I've obtained a quote from them. It's almost £250 less expensive than my local Whitmore lawyer. Should I use them?
Housebuilders often have panels of lawyers who expedite matters and who know the builder's documentation and conveyancing practitioner. As many developers offer an incentive to use their approved property lawyer for this reason, any increased cost can be avoided and a developer will not recommend a conveyancing warehouse and run the risk of having the conveyancing delayed when they want exchange within a tight deadline. A counter-argument for not agreeing to use the suggested lawyer is that they may be hesitant to 'push' your interests for fear of alienating the housebuilder. Where you have concerns that this may be the case you should remain with your high street Whitmore lawyer.