I have given 2 months notice to my existing landlord and must be out of my let out flat in Wargrave by 15/8/2022. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as I wish to avoid having to find temporary accommodation?
Generally one should not give notice on a rental unless exchange of contracts has taken place. Assuming that you have not already done so, notify to your conveyancer and urge them to they apply pressure on the other lawyers, try to a target completion date that all parties will look towards
My husband and I are purchasing a newbuild flat in Wargrave with a residential mortgage from Aldermore.We have a Wargrave conveyancing practitioner but Aldermore says his firm is not on their approved list of firms. We have to appoint a Aldermore panel lawyer or retain our preferred solicitor and fork out for a Aldermore panel lawyer to represent them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you is subject to its various provisions, one of which will be that solicitors must be on the Aldermore conveyancing panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Aldermore
I am close to exchanging contracts on the sale of our property in Wargrave and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Wargrave conveyancer would know this is not the case. It does beg the question why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Wargrave. We have lived in Wargrave for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am purchasing my first flat in Wargrave with the aid of help to buy. The developers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not reveal to my solicitor about this side-deal as it may adversely affect my mortgage with Barnsley Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Am I best advised to use a Wargrave conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can conduct the legal work however her office is over three hundred miles away.
The primary upside of using a local Wargrave conveyancing practice is that you can attend the office to execute paperwork, present your ID and pester them where appropriate. They will also have local intelligence which is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must surpass using an unknown Wargrave conveyancing solicitor just because they are based in the area.
Planning to complete next month on a basement flat in Wargrave. Conveyancing lawyers have said that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Wargrave should include some of the following:
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Does the lease prevent you from subletting the flat, or working from home if lease caters for for a slush account for major works? The unexpired lease term. You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
I am the registered owner of a split level flat in Wargrave, conveyancing was carried out 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Wargrave with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2089
With 67 years left to run the likely cost is going to span between £10,500 and £12,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.