I have given 2 months notice to my current landlord and must be out of my let out flat in Ashington by the end of next month. Conveyancing for my house purchase is underway. Can I complete in a couple of weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, update to your lawyer and request that they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will look to achieve
At what point can the exchange of contracts take place for residential conveyancing in Ashington and am I required to be at the conveyancers branch?
Where you are local to one of the conveyancing solicitors in Ashington you are invited in to sign contracts. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when dealing with you by post or email. The signing of the property agreement is not the point of no return. A signed contract simply enables the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ashington)to be in the office available at the end of the phone to exchange contracts.
I require quick conveyancing in Ashington as I am under pressure to exchange contracts in less than one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you are at liberty not to have searches conducted although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Ashington the following are examples of what can arise and therefore impact market value: Enforcement Actions, Overdue Fees, Overdue Grants, Road Schemes,...
Due to the guidance of my in-laws I had a survey completed on a property in Ashington before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks will not give a mortgage on this type of property.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ashington. Conveyancing will be smoother if you use a solicitor in Ashington especially if they regularly deal with such properties in Ashington.
As co-executor for the estate of my grandfather I am disposing of a property in Cardiff but live in Ashington. My lawyer (approximately 235 miles from merequires that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Ashington who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Ashington based
I have just started marketing my ground floor apartment in Ashington. Conveyancing is yet to be initiated, however I have recently received a yearly service charge invoice – Do I pay up?
The sensible thing to do is discharge the invoice as you normally would because all rents and service invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a basement flat in Ashington, conveyancing having been completed in 2010. How much will my lease extension cost? Similar flats in Ashington with an extended lease are worth £197,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2080
With just 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.