I have given 8 weeks notice to my existing landlord and have to leave my rented apartment in Leegomery by 18/6/2024. Conveyancing for my house purchase is underway. How realistic is it to complete in six weeks as don't want to have to move into short term accommodation?
It is unwise to serve notice for your tenancy until exchange of contracts has taken place. If you have not already done so, notify to your conveyancer and urge them to they cajole the other lawyers, try to an agreed time frame that everyone will work towards
Do the Building Society Association intend to launch a searchable register to to identify firms on the Coventry BS conveyancing panel for instance in Leegomery?
We have not been informed any intention on the part of the BSA to develop such a tool.
2 months have gone by following my purchase conveyancing in Leegomery took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a property in Leegomery prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend not give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Leegomery. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are 3 weeks into a residential purchase having been recommend to conveyancers by the high street agent to do our conveyancing in Leegomery. I am am starting to be disappointed with the level of service. Could you you assist me in finding new conveyancers?
A conveyancer would have to be really poor to suggest changing them. Has your mortgage been generated? In the event that it has you will need to advise them of the new contact details and have the mortgage documents are re-sent. Your new conveyancer needs to be on the lenders approved list to avoid added fees and frustration. That should be your starting point. The find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Leegomery
When it comes to leasehold conveyancing in Leegomery what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Leegomery. All leases are drafted differently and drafting errors can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the building Insurance obligations
You could encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Virgin Money, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the buyer to withdraw.
Leasehold Conveyancing in Leegomery - Examples of Queries Prior to buying
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The best form of lease arrangement is a share of the freehold. In this arrangement the leaseholders benefit from being in charge if their destiny and even though a managing agent is frequently retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves. Make sure you investigate if the the lease contains any unreasonable restrictions in the lease. By way of example it is very common in Leegomery leases that pets are not permitted in certain buildings in Leegomery. If you like the flatin Leegomery but your cat is not allowed to make the move with you then you have a very hard decision.