I have given 8 weeks notice to my existing landlord and have to be out of my let out property in Northumberland Heath by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in six weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice on a rental until your lawyer suggests that you should. If you have not already done so, speak to your conveyancer and request that they cajole the owners side, try to an agreed time frame that all parties will aim to achieve
Why do I have to pay up front for my conveyancing in Northumberland Heath?
If you are buying a property in Northumberland Heath your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this should be asked for shortly in advance of contracts are exchanged. The final balance that is needed should be sent to your lawyer a couple of days ahead of the day of completion.
We're in Northumberland Heath, First timers buying with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Due to the advice of my in-laws I had a survey completed on a property in Northumberland Heath prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some lenders may not issue a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Northumberland Heath. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my primary property to a BTL loan with Bank of Ireland and intend to use the remaining equity as a deposit on a second property. The neighborhood we are looking at is Northumberland Heath. Will your lawyers be able to act for the two mortgage companies and link together the transactions?
Make use of our search tool on this site to check that the lawyers are approved by both lenders. Having checked that they are the solicitor will be able to connect the two deals but you should have a chat with you conveyancer and make clear your expectations and needs.
I've found a house that appears to be perfect, at a great price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Northumberland Heath. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Northumberland Heath ?
Most houses in Northumberland Heath are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Northumberland Heath in which case you should be looking for a Northumberland Heath conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your conveyancer will report to you on the legal implications.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Northumberland Heath conveyancing firm to assist?
in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to judgment on the price payable.
An example of a Lease Extension decision for a Northumberland Heath property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case was in relation to 13 flats. The unexpired term was 76 years.