I have given 2 months notice to my existing landlord and have to vacate my rented property in Hawkhurst by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to find short term accommodation?
Generally one should not provide notice for your letting unless your lawyer suggests that you should. Assuming that you have not already done so, contact to your lawyer and urge them to they seek the assistance the sellers side, try to get a realistic time scale from them that all parties will work to achieve
I own a freehold residence in Hawkhurst but still charged rent, why is this and what is this?
It is rare for properties in Hawkhurst and has limited impact for conveyancing in Hawkhurst but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I just acquired a house at auction in Hawkhurst. Conveyancing is necessary. What is next?
Given that you have now legally committed yourself to purchase you should appoint a conveyancing practitioner as a matter of priority as you are facing a pending a drop dead date to complete the property. Every auction property will have a corresponding auction pack. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete on the on the contractual date .
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Hawkhurst. Do I receive the keys to the premises on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Hawkhurst?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you will be able to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
I am expecting a AIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Hawkhurst solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Hawkhurst solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Hawkhurst I like with open areas and railway links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Hawkhurst suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan that many years may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I need to instruct a conveyancing solicitor for purchase conveyancing in Hawkhurst. I've stumble upon a site which appears to be the perfect solution If it is possible to get all this stuff completed via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my 2 bed apartment in Hawkhurst. Conveyancing is yet to be initiated, however I have just received a quarterly service charge invoice – what should I do?
The sensible thing to do is clear the maintenance contribution as normal as all rents and service payments will be allotted as part of the financial calculations for completion monies, 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 managing agents will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.
I own a split level flat in Hawkhurst, conveyancing was carried out May 2006. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Hawkhurst with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2088
With only 66 years unexpired we estimate the price of your lease extension to be between £11,400 and £13,200 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.