I have given 8 weeks notice to my existing landlord and have to be out of my let out property in Histon by the end of next month. Conveyancing on my purchase is progressing. Can I complete in 4 weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to provide notice for your letting unless exchange of contracts has taken place. If you have not already done so, contact to your solicitor and request that they apply pressure on the sellers solicitors, try to get a realistic time scale from them that everyone will work to achieve
What does a local search reveal concerning the house we're buying in Histon?
Histon conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Histon conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I am buying a new build apartment in Histon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Histon
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I am looking for a flat up to £245,000 and identified one round the corner in Histon I like with open areas and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Histon in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I'm converting the mortgage on my current property to a buy to let loan with Skipton Building Society and intend to use the remaining equity as a deposit on a second property. The area we are interested in is Histon. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this site to be sure that the lawyers are approved by both lenders. On the basis that they are your lawyer will be able to simultaneously deal with the two transactions but you should talk with you lawyer and make clear your desired outcome and requirements.
Am I better off to go with a Histon conveyancing lawyer based in the area that I am purchasing? We have a good friend who can carry out the conveyancing however his firm is located approximately 350miles away.
The primary upside of using a local Histon conveyancing practice is that you can pop in to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local Histon know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were happy that should surpass using an unknown Histon conveyancing solicitor solely due to them being round the corner.