I have given 8 weeks notice to my existing landlord and must be out of my let out apartment in Downham by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to provide notice on a rental until your lawyer suggests that you should. Assuming that you have not previously done so, notify to your lawyer and urge them to they chase the owners lawyers, try to an acceptable time-line that everyone will look to achieve
Me and my brother own a terraced Victorian property in Downham. Conveyancing practitioner acted for me and The Mortgage Works. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Downham and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Downham differ for new build properties?
Most buyers of new build or newly converted property in Downham approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Downham typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Downham or who has acted in the same development.
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, no chain conveyancing. Downham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Downham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Downham you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Downham 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 premises.
In searching the world wide web for the words on line conveyancing in Downham it reveals many property lawyersin the area. How do I determine which is the right property lawyer for my move?
The best method of seeking a suitable conveyancer is through a personal referral, so seek the opinion of colleagues and family who have bought a property in Downham or a local estate agent or mortgage broker. Costs for conveyancing in Downham differ, so it's advisable to obtain at least four fee estimates from varying types of solicitors. Make sure that you clarify that the fees are fixed.
We expect to complete the sale of our £300,000 apartment in Downham next week. The landlords agents has quoted £348 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Downham?
Downham conveyancing on leasehold apartments often involves the purchaser’s conveyancer submitting questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to do so. They are entitled to charge a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the charge is technically not due. Reality however dictates that you have little option but to pay whatever is demanded should you wish to complete the sale of your home.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Downham conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a Downham conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Downham property is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268