I have given 8 weeks notice to my current landlord and must be out of my let out flat in Lechlade by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in six weeks as don't want to have to find temporary accommodation?
It is unwise to give notice for your tenancy until your lawyer suggests that you should. Assuming that you have not already done so, notify to your conveyancer and urge them to they apply pressure on the sellers side, try to get a realistic time scale from them that everyone will work to achieve
When will exchange of contracts take place for residential conveyancing in Lechlade and am I required to be at the solicitors branch?
Where you are in close proximity to one of the conveyancing solicitors in Lechlade you are invited in to sign the paperwork. That being said, the law practices we work with supply a countrywide conveyancing service and provide just as comprehensive and professional a job for you when dealing with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Lechlade)to be in the office available at the end of the phone to exchange contracts.
Please explain the implications if my lawyer’s firm is expelled from the Coventry BS Solicitor panel ahead of completing my conveyancing in Lechlade?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I am purchasing a new build house in Lechlade with the aid of help to buy. The developers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep told me not reveal to my solicitor about the deal as it may affect my mortgage with Lloyds TSB Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am downsizing from my house. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Lechlade if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Lechlade. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I have recently realised that I have Fifty years unexpired on my lease in Lechlade. I now want to get lease extension but my landlord is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you have made all reasonable attempts to locate the lessor. On the whole a specialist would be useful to conduct investigations and to produce a report which can be used as evidence that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing Lechlade.
I acquired a split level flat in Lechlade, 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? Comparable flats in Lechlade with an extended lease are worth £185,000. The ground rent is £65 charged once a year. The lease runs out on 21st October 2083
You have 61 years unexpired we estimate the premium for your lease extension to span between £18,100 and £20,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to 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.