I have given 2 months notice to my existing landlord and have to vacate my let out flat in Whitnash by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in six weeks as don't want to have to find temporary accommodation?
It is unwise to give notice on a rental until exchange of contracts has taken place. If you have not already done so, notify to your conveyancer and urge them to they chase the sellers solicitors, try to an agreed time frame that everyone will aim to achieve
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Whitnash?
There are two types of lawyers who can carry out conveyancing in Whitnash namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the disposal or purchase of property. They are both duty bound to perform Whitnash conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly carried out and that all necessary procedures should be appropriately followed.
I am assisting my mother sell her flat in Whitnash. Does the conveyancing solicitor arrange an EPC or it is for the owner to see to?
Following the abolition of Home Packs, energy assessments was left as a mandatory part of moving property. An EPC must be commissioned in advance of the property being advertised. This is not a task that conveyancers ordinarily arrange. If you are using a Whitnash conveyancing practitioner they might help arrange EPC’s given their contacts with reputable local providers
I can not work out if my bank requires a lease extension. I have called my Whitnash bank branch on a couple of occasions and was advised it wasn't a problem and they would lend. My Whitnash conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your solicitor has to follow the CML Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My wife and I own a 4 bedroom Georgian house in Whitnash. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for 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 Whitnash and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing solicitor who completed the work.
How does conveyancing in Whitnash differ for new build properties?
Most buyers of new build property in Whitnash contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Whitnash typically buy the real estate, 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 property lawyers 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 used to new build conveyancing in Whitnash or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Whitnash is where the house is located. Can you offer any assistance?
Flying freeholds in Whitnash are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whitnash you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitnash may decide 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 premises.
I want to sublet my leasehold apartment in Whitnash. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A lease governs relations between the landlord and you the flat owner; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Whitnash do not prevent subletting altogether – such a clause would undoubtedly devalue the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I purchased a leasehold flat in Whitnash, conveyancing was carried out 5 years ago. How much will my lease extension cost? Comparable properties in Whitnash with over 90 years remaining are worth £191,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2079
With just 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.