I have given 2 months notice to my current landlord and have to be out of my let out property in Barbican by 17/8/2020. Conveyancing on my purchase has just started. Can I complete in six weeks as don't want to have to move into short term accommodation?
Generally one should not serve notice on a rental unless exchange of contracts has taken place. If you have not previously done so, update to your lawyer and urge them to they apply pressure on the other solicitors, try to get a realistic time scale from them that everyone will aim to achieve
Do lenders provide you with an approved list of Barbican conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Barbican conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
Can you clarify what the consequences are if my solicitor is suspended from the Nationwide Conveyancing panel ahead of completing my conveyancing in Barbican?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Have completed on a a semi-detached house in Barbican , What is the estimated time for the Land Registry to register my title? My Barbican conveyancing solicitor has been very slow, so I want to be sure the land registry aspects are addressed.
There is nothing unique when it comes to conveyancing in Barbican registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry communicate with any interested parties. At present roughly three quarters of such applications are completed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration is effected once the new owner has moved in to the premises so registration formalities is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Barbican I like with a park and transport links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Barbican for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
My in 2008. He has since got married, widowed and in recent months got remarried. He now wishes to the sell the Barbican property. I suspect that he will just be asked to provide a copy of his marriage certificates to the solicitor but he is anxious it could hold up the sale of the property. Should he instruct a property lawyer to update the title information for the house?
You are not required to bring up to date the title for the property as long as you have the evidence needed to demonstrate how the change of name resulted.
The buyer’s property lawyer should review the title entries and need evidence to prove the name change for instance marriage documentation.