I have given 8 weeks notice to my current landlord and have to leave my rented apartment in Long Eaton by 22/12/2020. Conveyancing for my house purchase is underway. Can I complete in three weeks as don't want to have to find temporary accommodation?
Generally one should not provide notice for your tenancy until you have exchanged. If you have not previously done so, update to your lawyer and ask them to they seek the assistance the other solicitors, try to get a realistic time scale from them that everyone will look to achieve
I am aiming to move home in December. Should my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you suggest a removal company in Long Eaton. Conveyancing lawyer was organised prior to coming across this website.
On the afternoon of completion you will need to pick up the keys from the property agent however this should only take place once the sellers lawyers confirm to the agent that the monies to complete are in and the keys can be collected. After that you can advise the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you choose a conveyancing in Long Eaton or a solicitor that specialises in conveyancing in Long Eaton.
When it comes to lenders such as Barclays, do Long Eaton property lawyers incur an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Last month we had a mortgage agreed in principle with UBS. Long Eaton conveyancing practitioners were instructed. How long does it take for UBS to issue the offer to the solicitor?
There is no definitive answer here. Have UBS conducted the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I'm purchasing a new build house in Long Eaton with a loan from Birmingham Midshires. The sellers refused to budge the amount so I negotiated £7000 of extras instead. The sale representative advised me not reveal to my solicitor about the side-deal as it could impact my loan with the bank. Should I keep quiet?.
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'm converting the mortgage on my current house to a buy to let mortgage with Clydesdale and I will use the rest of the raised equity towards a second property. The area we are interested in is Long Eaton. Will your conveyancers be able to act for both sets of banks and tie in the transactions?
Do use our search tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are the solicitor should be able to connect the two transactions but you should talk with you lawyer and specify your expectations and needs.
Am I better off to instruct a Long Eaton conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can conduct the legal work but they are based a couple of hundredmiles away.
The primary upside of using a local Long Eaton conveyancing firm is that you can pop in to execute paperwork, present your ID and pester them if necessary. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were impressed that must outweigh using an unknown Long Eaton conveyancing lawyer solely due to them being local.
I own a leasehold flat in Long Eaton. Conveyancing and Britannia mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Long Eaton who previously acted has long since retired. Any advice?
First contact HMLR to be sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a Long Eaton conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a 1 bedroom flat in Long Eaton, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Long Eaton with over 90 years remaining are worth £192,000. The ground rent is £55 yearly. The lease ends on 21st October 2074
With only 54 years left to run we estimate the price of your lease extension to range between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.