I have given 8 weeks notice to my existing landlord and must leave my let out flat in Earlswood by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in a couple of weeks as don't want to have to find temporary accommodation?
The normal practice is not to provide notice on a rental until exchange of contracts has taken place. If you have not already done so, speak to your lawyer and request that they apply pressure on the sellers lawyers, try to an acceptable time-line that everyone will look to achieve
A friend suggested that if I am buying in Earlswood I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Earlswood conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Earlswood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Earlswood.
My wife and I purchased a terraced Edwardian house in Earlswood. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for 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 Earlswood and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing practitioner who conducted the conveyancing.
I'm buying a new build house in Earlswood with the aid of help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my lawyer about the side-deal as it may put at risk my loan with Leeds Building Society. Should I keep quiet?.
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.
What are your top tips when it comes to finding a Earlswood conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Earlswood conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Earlswood conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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If the firm is not ALEP accredited then why not? Can they put you in touch with clients in Earlswood who can give a testimonial?
I acquired a 1 bedroom flat in Earlswood, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Earlswood with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ceases on 21st October 2099
With 74 years left to run the likely cost is going to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
Our lender agreed in principle to give us a mortgage. We are using a reputable conveyancer in Earlswood yesterday. This morning, our mortgage adviser contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we did not have a clue that the mortgage company had a say Is this legal?
You can actually use any lawyer you want to instruct for your conveyancing in Earlswood nevertheless if they are not on the your bank's panel you will have to incur an extra fee so the mortgage company can retain their own lawyers. On occasion it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. Do make the most of internet tools such as lenderpanel.com to find a conveyancing solcitor in Earlswood on the bank panel. You can go into your local mortgage company branch in Earlswood. They can recommend conveyancing solicitors in Earlswood on the panel for your bank.