I have given 8 weeks notice to my existing landlord and have to leave my let out flat in Hythe by the end of next month. Conveyancing on my purchase is progressing. Can I complete in 5 weeks as don't want to have to move into short term accommodation?
Generally one should not give notice on a rental unless you have exchanged. If you have not previously done so, update to your solicitor and urge them to they apply pressure on the other lawyers, try to a target completion date that everyone will aim towards
Why do I have to pay up front for my conveyancing in Hythe?
If you are buying a property in Hythe your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the purchase price then this should be needed shortly in advance of contracts are exchanged. Any further balance that is due should be transferred shortly before completion.
The deeds to my house are lost. The lawyers who handled the conveyancing in Hythe 4 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to have the physical official documentation to establish that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
I opted to have a survey completed on a house in Hythe in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hythe. Conveyancing may be slightly more expensive based on your lender's requirements.
We are a fortnight into a residential purchase having been referred to conveyancers by the selling agent to carry out the conveyancing in Hythe. We are not happy. Can you help me find new conveyancers?
A lawyer would have to be very bad to suggest changing them. Has your mortgage been generated? If so you must make them aware of the replacement solicitor and get the loan are issued to the new lawyers. Your conveyancer should be on the banks approved list to avoid supplemental fees and delays. That should be your first question of the new lawyers. The find a solicitor tool will help you find a lender approved conveyancer for your home move in Hythe
I am hoping to exchange soon on a basement flat in Hythe. Conveyancing lawyers inform me that they will have a report out to me next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Hythe should include some of the following:
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You should have a good understanding of the insurance requirements You should know whether the lease allows you to change or upgrade aspects of the property- you should know whether any restrictions relates to all alterations or limited to structural alteration, and whether consent is required Are pets allowed in the flat? Does the lease prevent you from renting out the property, or working from home You should be informed what counts as a Nuisance as far as the lease is concerned
I purchased a studio flat in Hythe, conveyancing formalities finalised 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Hythe with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease ends on 21st October 2081
With 57 years unexpired we estimate the price of your lease extension to be between £28,500 and £33,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.