I have given 2 months notice to my existing landlord and must leave my let out flat in Sprotbrough by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in 4 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to give notice on a rental unless exchange of contracts has taken place. If you have not already done so, speak to your solicitor and urge them to they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will work towards
I own a freehold premises in Sprotbrough yet invoiced for rent, why is this and what is this?
It is rare for properties in Sprotbrough and has limited impact for conveyancing in Sprotbrough but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My wife and I own a renovated Georgian property in Sprotbrough. Conveyancing practitioner acted for me and Bank of Scotland. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Bank of Scotland to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sprotbrough and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who completed the work.
I am looking for a leasehold apartment up to £305k and found one round the corner in Sprotbrough I like with amenity areas and transport links in the vicinity, however it only has 51 years on the lease. There is not much else in Sprotbrough for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
We are one month into a freehold purchase having been directed to solicitors by the high street agent to execute conveyancing in Sprotbrough. I am am very disappointed with the quality of service. Can you help me find new lawyers?
A lawyer would have to be very poor to suggest diss instructing them. Has the loan offer been sent? If so you must make them aware of the new contact details and ensure the loan are re-issued. Your new solicitor ideally needs to be on the lenders panel to avoid supplemental costs and complications. So that should be your starting point. Our search tool will assist you in finding a bank approved lawyer for your home move in Sprotbrough
I have recently had an offer accepted on an apartment in Sprotbrough and the mortgage adviser that we are dealing with suggested his conveyancing practitioner. He quoted £1000 including VAT and 3rd party costs. Does this sound steep?
Don't just go on a single quote. One should obtain like-for-like quotes for your conveyancing in Sprotbrough. Then pick one that you trust and just as important, is on the approved panel of the mortgage company that you are sourcing your mortgage from.