I have given 8 weeks notice to my existing landlord and must leave my let out property in Burscough by 31/3/2026. Conveyancing on my purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not provide notice for your tenancy unless exchange of contracts has taken place. If you have not already done so, contact to your lawyer and urge them to they cajole the sellers side, try to an agreed time frame that all parties will work to achieve
Forgive me if this question is silly but I am unseasoned as a 1st time purchaser of a ground floor flat in Burscough. Do I collect the keys to the premises on the completion date from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Burscough?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
When it comes to mortgage companies such as Virgin Money, do Burscough lawyers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Completion of my purchase has taken place for my property in Burscough. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I'm buying a new build house in Burscough with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my solicitor about the side-deal as it may jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Burscough is where the house is located. Can you offer any guidance?
Flying freeholds in Burscough are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burscough you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burscough 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 property.
What tools are available to identify a Burscough solicitor on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please choose the lender and your location and you will see a number of Burscough conveyancing lawyers located nearest you. We have listed some Burscough conveyancing firms towards the end of this page and you can contact them to see whether they are on the Godiva Mortgages Ltd approved list
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £200,000 flat in Burscough on Wednesday in a week. The management company has quoted £300 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Burscough?
Burscough conveyancing on leasehold flats usually necessitates administration charges raised by management companies :
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Answering conveyancing due diligence questions
Where consent is required before sale in Burscough
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a leasehold flat in Burscough, conveyancing was carried out July 2007. 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? Equivalent flats in Burscough with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease ends on 21st October 2095
With 69 years left to run the likely cost is going to be between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.