I have given 8 weeks notice to my current landlord and have to be out of my rented flat in Plympton by 9/6/2025. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not give notice for your letting until your lawyer suggests that you should. If you have not previously done so, contact to your lawyer and request that they cajole the sellers solicitors, try to get a realistic time scale from them that all parties will look towards
We are getting the release of further monies on our home loan from Clydesdale as we intend to carry out improvements to our home in Plympton. Do we need to appoint a high street Plympton solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale do not ordinarily instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
We were going to get a AIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Plympton solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint Plympton solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
The mortgage over my property is with Aldermore for my property in Plympton. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
Aldermore must be informed of your intention in advance of renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore 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 Aldermore directly. You need not do this via a Aldermore conveyancing panel solicitor.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Plympton?
Many commercial conveyancing solicitors in Plympton will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Plympton. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Plympton.
For each commercial conveyancing transaction in Plympton it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Plympton commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Plympton.
It has been three months following my purchase conveyancing in Plympton concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Plympton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Plympton
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision.
In relation to leasehold conveyancing in Plympton what are the most frequent lease problems?
Leasehold conveyancing in Plympton is not unique. All leases are individual and drafting errors can result in certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building
You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Norwich and Peterborough Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.
I am the registered owner of a 1 bedroom flat in Plympton, conveyancing formalities finalised September 2004. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Plympton with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2091
You have 66 years unexpired the likely cost is going to be between £12,400 and £14,200 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.