I have given 2 months notice to my current landlord and have to vacate my rented property in Bearsted 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 find temporary accommodation?
It is unwise to give notice for your letting unless your lawyer suggests that you should. If you have not already done so, notify to your conveyancer and request that they chase the owners solicitors, try to get a realistic time scale from them that all parties will look towards
I am purchasing a house and the conveyancer has identified Chancel Repair for which the house may be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in Bearsted
Unless a prior acquisition of the property took place after 12 October 2013 you can assume that lawyers handling conveyancing in Bearsted to remain encouraging a chancel search and or chancel repair liability insurance.
I have been on the look out for a flat up to £195,000 and found one round the corner in Bearsted I like with amenity areas and station nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Bearsted in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
We are a fortnight into a leasehold purchase having been referred to solicitors by the local agent to execute conveyancing in Bearsted. I am am very disappointed with the level of service. Can you you assist me in finding new lawyers?
They would need to be really bad to suggest changing them. Has your mortgage offer been generated? If so you need to inform them of the new lawyer and get the loan are re-sent. Your new solicitor ideally should be on the lenders panel to avoid escalating charges and complications. So that should be your first question of the new solicitors. The find a solicitor tool can help you find a lender approved lawyer for your conveyancing in Bearsted
Planning to complete next month on a leasehold property in Bearsted. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bearsted should include some of the following:
Whether the lease restricts you from letting out the property, or working from home Rent payments - how much and when you need to pay, and also know whether this is subject to change Additions to the property Are you allowed to have a pet in the flat?
I bought a basement flat in Bearsted, conveyancing formalities finalised 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Bearsted with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease runs out on 21st October 2081
With just 58 years unexpired the likely cost is going to span between £22,800 and £26,400 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
How much experience do your Bearsted conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Bearsted conveyancing lawyers help thousands of people move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Bearsted conveyancers have worked on recent similar matters.