I have given 2 months notice to my current landlord and must be out of my rented apartment in Saxmundham by 10/10/2025. Conveyancing on my purchase is progressing. Can I complete in 4 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to serve notice for your letting unless your lawyer suggests that you should. Assuming that you have not already done so, speak to your lawyer and request that they apply pressure on the owners lawyers, try to a target completion date that everyone will work to achieve
As someone not used to conveyancing in Saxmundham what is your top tip you can give me for the ownership transfer in Saxmundham
Not many law firms or advisers will tell you this but conveyancing in Saxmundham or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for conflict between you and other parties involved in the transaction. For example, the seller, property agent and sometimes the lender. Appointing a solicitor for your conveyancing in Saxmundham should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose interest is to look after your best interests and to protect you.
There is a definite increase of a "blame" culture- someone has to be blamed for the process taking so long. We recommend that you your first instinct should be to trust your solicitor ahead of all other players when it comes to the legal assignment of property.
Just bought a semi-detached house in Saxmundham , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Saxmundham conveyancing solicitor has been painfully slow, so I want to check the registration formalities are addressed.
There is nothing unique when it comes to conveyancing in Saxmundham registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. Currently in the region of three quarters of such applications are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place once the new owner has moved in to the property thus 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.
Are there any apps to help locate a Saxmundham law firm on the TSB conveyancing panel? I have a car and am prepared to travel upto 25kilometers to meet the conveyancer.
You can use the search on this website. Please select a lender and your location and you will see a number of Saxmundham conveyancing lawyers based on proximity. We have detailed some Saxmundham conveyancing firms towards the end of this page and you can call them to see if they are on the TSB member panel
We're novice buyers - agreed a price, but the selling agent informed us that the vendor will only proceed if we use the agent's chosen lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Saxmundham
It is highly unlikely the vendors are driving this. Should the owner require ‘a quick sale', alienating a genuine buyer is counter productive. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to use your preferred Saxmundham conveyancing solicitors - as opposed tothose that will provide the estate agent a commission or achieve conveyancing targets pre-set by HQ.
I am looking at a couple of apartments in Saxmundham both have approximately forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Saxmundham is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. For most purchasers and banks, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Saxmundham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I inherited a studio flat in Saxmundham, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Saxmundham with a long lease are worth £201,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2089
With 64 years remaining on your lease we estimate the price of your lease extension to span between £14,300 and £16,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.