I have given 8 weeks notice to my current landlord and must vacate my rented property in Market Drayton by 15/11/2024. Conveyancing for my house purchase is underway. Is it possible to complete in 5 weeks as I wish to avoid having to find short term accommodation?
Generally one should not serve notice on a rental until exchange of contracts has taken place. If you have not already done so, speak to your conveyancer and request that they seek the assistance the other side, try to a target completion date that all parties will aim towards
I am purchasing a flat and require a conveyancing solicitor in Market Drayton who is on the HSBC Bank approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for HSBC Bank in certain locations such as Market Drayton. We dont recommend any particular firm.
I have a 4 bedroom Victorian property in Market Drayton. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Market Drayton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who carried out the work.
I am looking for a flat up to £235,500 and found one round the corner in Market Drayton I like with open areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Market Drayton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
There are only Seventy years remaining on my flat in Market Drayton. I need 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 submit an application 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 magistrate. However, you will be required to prove that you or your lawyers have done all that could be expected to locate the landlord. On the whole an enquiry agent would be useful to conduct investigations and prepare an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Market Drayton.
I invested in buying a 1st floor flat in Market Drayton, conveyancing having been completed in 2012. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Market Drayton with a long lease are worth £265,000. The ground rent is £50 per annum. The lease finishes on 21st October 2099
With 75 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
I am searching for Market Drayton conveyancing quotes online. Can I be sure that all the Market Drayton firms that are listed on your directory are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Market Drayton firm being on the lender conveyancing panel is not accurate.