I have given 8 weeks notice to my existing landlord and have to leave my rented apartment in Hailsham by 2/3/2022. Conveyancing for my house purchase is underway. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?
Generally one should not provide notice for your tenancy unless you have exchanged. If you have not previously done so, notify to your solicitor and request that they chase the other solicitors, try to get a realistic time scale from them that all parties will aim to achieve
We are buying a newly converted flat in Hailsham with a homeloan from Barclays Direct.We have a Hailsham conveyancing practitioner but Barclays Direct informed us he's not listed on their approved list of firms. we are left little option but to use a Barclays Direct panel firm or retain our high street solicitor and fork out for a Barclays Direct panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan issued to you is subject to its terms and conditions, one of which will be that solicitors needs to be on the Barclays Direct approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Barclays Direct
We are buying a property and the lawyer has mentioned Chancel Repair to which the house may be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this really appropriate for conveyancing in Hailsham
Unless a prior purchase of the property took place post 12 October 2013 you could assume that conveyancing practitioners handling conveyancing in Hailsham to continue to propose a a chancel search and or insurance against a claim.
I am buying my first flat in Hailsham with a loan from Leeds Building Society. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about this extras as it may jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
How does the Landlord & Tenant Act 1954 impact my business premises in Hailsham and how can your lawyers assist?
The particular law that you refer to gives security of tenure to business leaseholders, giving them the dueness to make a request to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Hailsham is one of our numerous areas of the UK in which the firms we work with are located
I have just appointed agents to market my garden flat in Hailsham. Conveyancing solicitors are to be appointed soon, however I have recently received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as you normally would given that all ground rent and maintenance invoices should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a ground floor flat in Hailsham, conveyancing was carried out half a dozen 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? Equivalent properties in Hailsham with a long lease are worth £216,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2092
With just 70 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.