I have given 8 weeks notice to my existing landlord and have to be out of my let out property in Thornhill by 8/10/2025. Conveyancing on my purchase is progressing. Can I complete in a couple of weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice for your letting unless exchange of contracts has taken place. If you have not already done so, contact to your solicitor and urge them to they apply pressure on the owners side, try to an agreed time frame that everyone will aim to achieve
We are purchasing a victorian detached house in Thornhill. We would like to carry out an extension to the side at the house.Will the conveyancing process involve checks to determine if these works were previously refused?
Your property lawyer will check the deeds as conveyancing in Thornhill can occasionally identify restrictions in the title deeds which prohibit categories of works or require the permission of a 3rd party. Some works require local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
is it true that all Thornhill solicitor practices on the Nottingham conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in such a situation the organisation would be governed by the CLC.
I was told four weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Thornhill is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am looking for a leasehold apartment up to £235,500 and found one near me in Thornhill I like with open areas and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Thornhill in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in Thornhill for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Thornhill, including the disposal and acquisition of businesses as well as simply premises. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. As for the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or email us so that we may supply you with comprehensive commercial conveyancing calculation.
What are your top tips when it comes to finding a Thornhill conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Thornhill conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Thornhill conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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What volume of lease extensions has the firm carried out in Thornhill in the last 12 months? If they are not ALEP accredited then why not?
I inherited a studio flat in Thornhill, conveyancing formalities finalised in 2010. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Thornhill with an extended lease are worth £265,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2100
With just 75 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
Is it true that a Thornhill conveyancing practice taken to court by clients for not carrying out comprehensive conveyancing investigations?
We are not aware of such a Thornhill conveyancing claim but according to a recent report, a couple acquiring a house in Cumbria successfully sued their conveyancing practitioner due to development plans to build a wind farm not being identified in conveyancing searches.
Where you are purchasing in Thornhill It is critical that your solicitor conduct all Thornhill conveyancing searches required to ensure you have accurate and current information before buying a property.