I have given 8 weeks notice to my current landlord and have to leave my let out apartment in Valley by 17/1/2024. Conveyancing on my purchase has just started. 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 tenancy until you have exchanged. If you have not previously done so, notify to your conveyancer and ask them to they seek the assistance the sellers side, try to an acceptable time-line that all parties will work towards
My brother-in-law has suggested I instruct a conveyancing solicitor in Valley. I need to find out if they are accepted on the Virgin Money conveyancing panel. Could you assist?
You should contact your conveyancer and ask them if they are on the lender panel. Otherwise you can get in touch with Virgin Money who may be able to assist.
I have been told that property searches are the main reason for hinderance in Valley house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Valley.
Are there restrictive covenants that are commonly picked up during conveyancing in Valley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Valley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Valley differ for newly converted properties?
Most buyers of new build or newly converted property in Valley come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Valley typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Valley or who has acted in the same development.
I have just started marketing my basement flat in Valley. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly service charge demand – Do I pay up?
It best that you pay the service charge as normal given that all ground rent and service charges should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Valley Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
Are any of leasehold owners in arrears of their service charge payments? Be sure to investigate if the the lease contains any unreasonable restrictions in the lease. For instance it is fairly common in Valley leases that pets are not allowed in certain buildings in Valley. If you love the propertyin Valley yet your cat can’t live with you then you have a very difficult choice. The answer will be helpful as a) areas can cause problems for the block as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will want to have all the details