I have given 8 weeks notice to my existing landlord and have to leave my rented flat in Yateley 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 temporary accommodation?
It is unwise to give notice for your tenancy until exchange of contracts has taken place. Assuming that you have not already done so, contact to your conveyancer and request that they apply pressure on the other side, try to get a realistic time scale from them that all parties will work towards
There are plenty of conveyancing solicitors in Yateley but how do I know who I should use?
Do not opt for the lowest Yateley conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am helping my step-mother sell her flat in Yateley. Does the solicitor order the energy performance certificate or it is for the seller to coordinate?
Following the abolition of HIPs, EPC’s was left as a required component of moving house. An EPC should be to hand prior to the property being put on the market. This is not as aspect of the sale process that law firms normally organise. If you are instructing a Yateley conveyancing practitioner they may be willing to arrange EPC’s given their contacts with long established Yateley energy assessors
We previously instructed conveyancers with offices in Yateley on the Principality solicitor approved list. They are now charging me a further charge for the legal aspects of the Principality mortgage. Is this an additional conveyancing fee specified by Principality?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer can levy a fee for this. This fee is not set by Principality but by your Yateley conveyancer. Some firms on the Principality panel will levy ’dealing with mortgage’ fee but many firms include it on their overall fee.
Me and my brother purchased a renovated Edwardian house in Yateley. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Yateley and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Yateley differ for newly converted properties?
Most buyers of new build residence in Yateley approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Yateley tend to purchase 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 conveyancing solicitors 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 Yateley or who has acted in the same development.
I decided to have a survey done on a house in Yateley before retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend not grant a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yateley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Yateley to see if the conveyancing will be more expensive.
My wife and I purchased a leasehold house in Yateley. Conveyancing and The Mortgage Works mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Yateley who acted for me is not around. Do I pay?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to instruct a Yateley conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Yateley Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
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How is the lease structured? You will want to find out as much as you can about the company managing the block as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to practical matters like the upkeep of the common parts. Enquire of other people if they are happy with their service. On a final note, find out the dates that the service fees are due to the managing agents and specifically what you get for your money. The answer will be important as a) areas could result in problems in the building as the common areas may begin to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to know about it