I have given 2 months notice to my current landlord and have to be out of my rented property in Quedgeley by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not provide notice for your lease unless exchange of contracts has taken place. Assuming that you have not already done so, update to your lawyer and urge them to they seek the assistance the owners solicitors, try to get a realistic time scale from them that all parties will look to achieve
We're in Quedgeley, First time buyers buying with a mortgage (lender is Skipton , and our lawyer is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
A relative recommended that where I am buying in Quedgeley I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Quedgeley conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Quedgeley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Quedgeley.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Quedgeley is the location of the property. Is there any guidance you can impart?
Flying freeholds in Quedgeley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Quedgeley you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Quedgeley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As co-executor for the estate of my uncle I am disposing of a residence in Neath but reside in Quedgeley. My solicitor (who is 200 miles awayhas requested that I sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Quedgeley to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Quedgeley based
Are there common problems that you see in leases for Quedgeley properties?
Leasehold conveyancing in Quedgeley is not unique. All leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are erroneous. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Barnsley Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.
Quedgeley Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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The prefered form of lease structure is if the freehold title is in the ownership of the leaseholders. In this scenario the lessees benefit from being in charge if their destiny and even though a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. Are any of leasehold owners in dispute over their service charge liability? Please note if it is no more than eighty years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are happy with residual term of the lease. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of what this will be. For most Quedgeleylease extensions you will be required to have owned the residence for a couple of years in order to be eligible to extend the lease.