I have given 2 months notice to my current landlord and have to be out of my rented apartment in Whitchurch by 7/12/2021. Conveyancing for my house purchase is progressing. How realistic is it to complete in six weeks as I wish to avoid having to find short term accommodation?
It is unwise to give notice on a rental unless exchange of contracts has taken place. If you have not already done so, notify to your lawyer and ask them to they seek the assistance the sellers side, try to a target completion date that all parties will work towards
What is your number one tip for finding a conveyancing solicitor in Whitchurch
Do not opt for the cheapest Whitchurch conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
is it true that all Whitchurch solicitor firms on the Virgin Money conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Virgin Money conveyancing panel they would need to be overseen by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in that case the firms would be regulated by the Council of Licensed Conveyancers.
Our sealed bid on a detached house in Whitchurch has been agreed to, the sellers do however have a dependent purchase. The vendors have offered on a flat, but it’s not yet agreed to, and have viewings of other flats booked. I have selected a high street conveyancing solicitor in Whitchurch. What do I do now? At what stage should I apply for the mortgage with RBS?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of one thousand pounds, then survey, Whitchurch conveyancing search fees, etc). The first thing to do is check that your conveyancing practitioner is on the RBS conveyancing panel. As to the next phase this very much depends on the circumstances of your transaction, attraction to this property and on the state of the market. During a buoyant market the majority of buyers would apply for the mortgage with RBS and pay for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with the conveyancing in Whitchurch.
I got the keys to my flat on 4 July and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Whitchurch expressed confidence that it will be registered inside ten days. Are transfers in Whitchurch particularly slow to register?
As far as conveyancing in Whitchurch is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. At present roughly three quarters of such applications are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration occurs after the new owner has moved in to the premises thus registration formalities is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Whitchurch I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Whitchurch for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Whitchurch and how can you help?
The 1954 Act affords a safeguard to commercial leaseholders, granting the dueness to apply to court for a new lease and continue in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Whitchurch
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have since found out that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Whitchurch. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Whitchurch are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Whitchurch in which case you should be shopping around for a Whitchurch conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will report to you on the legal implications.
I purchased a 1st floor flat in Whitchurch, conveyancing was carried out 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Whitchurch with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2090
With just 69 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues 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 getting professional advice.