I have given 8 weeks notice to my existing landlord and have to be out of my let out apartment in Long Itchington by 30/9/2025. Conveyancing for my house purchase has just started. Can I complete in 5 weeks as I wish to avoid having to find temporary accommodation?
It is unwise to give notice on a rental until exchange of contracts has taken place. Assuming that you have not previously done so, notify to your solicitor and request that they chase the other solicitors, try to an agreed time frame that everyone will look towards
A friend pointed out to me me that in buying a property in Long Itchington there may be a number of restrictions preventing external alterations to the property. Is this right?
There are anumerous of properties in Long Itchington which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Long Itchington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Long Itchington. Conveyancing formalities meant that the Land Registry date was in July. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership will be treated the same way as though I had purchased the house in July. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. many banks would take a practical view as this clause chiefly exists to capture the purchase and immediately sell or the quick reselling of property.
The mortgage over my property is with Virgin Money for my property in Long Itchington. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Virgin Money must be informed of your intention before letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel lawyer.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Long Itchington?
Unless a prior acquisition of the property took place after 12 October 2013 you could assume that lawyers conducting conveyancing in Long Itchington to continue to propose a a chancel search and or chancel repair liability insurance.
My wife and I have a terraced Victorian property in Long Itchington. Conveyancing solicitor acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Long Itchington and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing solicitor who carried out the work.
I have been advised by a number of estate agents in Long Itchington to locate a conveyancer on your site. What’s the financial advantage for Estate Agents to promote your services over another?
We don’t give any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I've recently bought a leasehold flat in Long Itchington. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a basement flat in Long Itchington, conveyancing formalities finalised in 2005. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Long Itchington with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease terminates on 21st October 2082
With only 57 years remaining on your lease we estimate the premium for your lease extension to span between £28,500 and £33,000 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive 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 should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.