I have given 2 months notice to my existing landlord and must leave my let out apartment in Almondsbury by 18/4/2024. Conveyancing for my house purchase has just started. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to serve notice on a rental until you have exchanged. Assuming that you have not already done so, speak to your lawyer and request that they apply pressure on the owners solicitors, try to get a realistic time scale from them that all parties will aim towards
Why is leasehold purchase conveyancing in Almondsbury costs more?
In summary, leasehold conveyancing in Almondsbury and elsewhere usually involve more due diligence compared to freehold conveyancing. This includes lease investigation, communicating with the landlord about the service of applicable notices, obtaining current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.
Me and my partner are buying a flat in Almondsbury. It might be a silly question but how we can trust a lawyer? At some point we will need to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had instructed solicitors located in Almondsbury on the Nottingham solicitor panel. They are now charging me a separate fee for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee set by Nottingham?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your property lawyer can levy a fee for this. This fee is not dictated by Nottingham but by your Almondsbury lawyer. Plenty of firms on the Nottingham panel will charge an ‘acting for lender’ fee and others do not.
We are getting the release of further monies on our home loan from Yorkshire BS as we wish to carry out a loft conversion to our house in Almondsbury. Are we obliged to select a local Almondsbury solicitor on the Yorkshire BS conveyancing panel to deal with the paperwork?
Yorkshire BS would not normally instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS conveyancing panel.
Just acquired a semi-detached house in Almondsbury , how long should it take for the Land Registry to register my ownership? My Almondsbury conveyancing solicitor works at snail pace, so I want to be sure that my name is registered.
As far as conveyancing in Almondsbury is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry need to notify any 3rd persons or bodies. As of today roughly three quarters of such applications are fully addressed within two weeks but occasionally there can be extensive delays. Registration is effected once the purchaser has moved in to the premises therefore an expedited registration is not typically top priority but where there is a degree of urgency associated with the registration then you or your lawyers can contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Almondsbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Almondsbury
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Having checked my lease I have discovered that there are only 68 years unexpired on my lease in Almondsbury. I now wish to get lease extension but my landlord is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to demonstrate that you have done all that could be expected to locate the landlord. On the whole a specialist may be helpful to conduct investigations and to produce a report to be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Almondsbury.
I bought a basement flat in Almondsbury, conveyancing having been completed 4 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Almondsbury with an extended lease are worth £211,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2091
You have 67 years remaining on your lease the likely cost is going to be between £10,500 and £12,000 plus 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 supply a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.