I have given 2 months notice to my current landlord and must vacate my let out flat in Basingstoke by 26/7/2021. Conveyancing for my house purchase has just started. Can I complete in 4 weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, notify to your conveyancer and request that they cajole the owners solicitors, try to get a realistic time scale from them that all parties will work to achieve
My brother-in-law has suggested I instruct a conveyancing solicitor in Basingstoke. I I would like to check if they are accepted on the HSBC Bank conveyancing panel. Could you help?
The first thing to do is e-mail your solicitor and enquire whether they are on the lender panel. Otherwise please call HSBC Bank who may be able to help.
My wife and I are buying a apartment in Basingstoke. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit funds into their account. What is the protection 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 previously chose conveyancing lawyers located in Basingstoke on the UBS solicitor approved list. They are now charging me a further amount for the legal aspects of the UBS mortgage. Is this a supplemental conveyancing fee set by UBS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your conveyancer may levy a fee for this. This fee is not dictated by UBS but by your Basingstoke conveyancing practitioner. Some firms on the UBS panel will levy ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
My offer was accepted on a house in Basingstoke on 12/4/2021, valuation was booked 3 days later, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Are Nationwide entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
three months have elapsed following my purchase conveyancing in Basingstoke concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Basingstoke is the location of the property. Can you offer any assistance?
Flying freeholds in Basingstoke are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Basingstoke you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Basingstoke may determine 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 residence.
I only have Seventy years left on my flat in Basingstoke. I need to get lease extension but my freeholder is missing. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have used your best endeavours to locate the landlord. For most situations a specialist would be helpful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Basingstoke.
I invested in buying a leasehold flat in Basingstoke, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Basingstoke with over 90 years remaining are worth £197,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2076
You have 55 years left to run the likely cost is going to range between £31,400 and £36,200 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.