I have given 2 months notice to my current landlord and must be out of my rented property in Market Weighton by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 5 weeks as I wish to avoid having to find short term accommodation?
Generally one should not provide notice for your tenancy unless exchange of contracts has taken place. Assuming that you have not previously done so, notify to your solicitor and urge them to they apply pressure on the sellers lawyers, try to a target completion date that all parties will look towards
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to appoint a high street conveyancing solicitor in Market Weighton?
You should check but the chances are that give you one of their panel lawyers where you take up the "fee-free" incentive. Speak to the lender to ask if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Market Weighton.
We are close to exchanging contracts on the sale of our property in Market Weighton and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a national conveyancing practice rather than a conveyancing solicitor in Market Weighton. We have lived in Market Weighton for 4 years we know of no issue. Should we contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Due to the advice of my in-laws I had a survey completed on a house in Market Weighton before instructing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend refuse to issue a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Market Weighton. Conveyancing will be smoother if you use a solicitor in Market Weighton especially if they are accustomed to such properties in Market Weighton.
Having had my offer accepted I require leasehold conveyancing in Market Weighton. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Market Weighton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a ground floor flat in Market Weighton, conveyancing having been completed January 2003. Can you work out an approximate cost of a lease extension? Equivalent flats in Market Weighton with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease ceases on 21st October 2082
With only 58 years left to run the likely cost is going to be between £22,800 and £26,400 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on 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 additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
We have instructed a Market Weighton conveyancing solicitor for our house purchase (first time buyers) and have picked up in the engagement letter that they are not overseen by the FCA. Am I right to be concerned or is that the norm with lawyer?
We can't see why they should be. Most property lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set stringent conditions regulating monies sitting by them.