I have given 2 months notice to my existing landlord and must vacate my let out apartment in Blyth by 30/12/2025. Conveyancing on my purchase has just started. Can I complete in 5 weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice for your lease until exchange of contracts has taken place. If you have not already done so, speak to your solicitor and request that they apply pressure on the owners lawyers, try to an agreed time frame that all parties will look towards
At what point will exchange of contracts happen for sale conveyancing in Blyth and am I required to attend the lawyers branch?
Where you are near to our conveyancing solicitors in Blyth you are invited in to sign the paperwork. That being said, the firms we work with provide a national conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The executing of the sale agreement is not the important part. A signed contract is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Blyth)to be in the office available at the end of the phone to exchange contracts.
The Blyth conveyancing solicitors that I appointed last week on my purchase in Blyth have without warning closed. They were on acting for me because I had to have a firm on the Leeds Building Society conveyancing panel and my family Blyth lawyer was not. I cut them a cheque for two hundred pounds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
In what way can the Landlord & Tenant Act 1954 impact my business property in Blyth and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial leaseholders, granting the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Blyth is one of the hundreds of areas of the UK in which the firms we work with are located
Am I best advised to choose a Blyth conveyancing lawyer in close proximity to the house I am purchasing? An old friend can execute the conveyancing however her office is 400miles away.
The benefit of a high street Blyth conveyancing firm is that you can attend the office to execute paperwork, present your ID and apply pressure on them if necessary. Having local Blyth know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and in the main were content that should outweigh using an unfamiliar Blyth conveyancing lawyer just because they are local.
I am tempted by the attractive purchase price for a couple of maisonettes in Blyth which have about 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this area.
Leasehold Conveyancing in Blyth - Sample of Questions you should consider Prior to Purchasing
-
Make sure you discover if the the lease includes any onerous restrictions in the lease. By way of example some leases prohibit pets being allowed in in a block in Blyth. If you love the propertyin Blyth however your dog can’t make the move with you then you will be faced difficult choice. How many of the leaseholders are in arrears for their service charge payments? Does the lease have in excess of 85 years remaining?