I have given 8 weeks notice to my existing landlord and must be out of my rented apartment in Woodlands by the end of next month. Conveyancing on my purchase is underway. Can I complete in 4 weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice for your lease unless exchange of contracts has taken place. If you have not previously done so, update to your conveyancer and ask them to they chase the owners side, try to a target completion date that everyone will aim to achieve
I am buying a new build house in Woodlands with a mortgage from Alliance & Leicester . The developers refused to move on the amount so I negotiated £7000 of additionals instead. The property agent advised me not inform my lawyer about this side-deal as it could put at risk my loan with Alliance & Leicester . Should I keep quiet?.
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.
How simple is it to switch conveyancer as I have to find a firm on the National Westminster Bank conveyancing list. I was using a local conveyancing solicitor in Woodlands round the corner but he is not accepted by National Westminster Bank
It would be our pleasure to help you find a conveyancing solicitor in Woodlands on the National Westminster Bank panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Woodlands. In utilising the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Woodlands and beyond.
I am 3 weeks into a residential purchase having been directed to solicitors by the estate agent to do our conveyancing in Woodlands. I am am extremely frustrated with the quality of service. Could you you assist me in finding new conveyancers?
A lawyer would have to be very bad to suggest changing them. Has the mortgage offer been sent? If so you will need to advise them of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally should be on the mortgage company approved list to avoid supplemental costs and frustration. So that should be your first question of the new solicitors. Our find a solicitor tool will assist you in finding a bank approved conveyancer for your home move in Woodlands
I work for a long established estate agency in Woodlands where we have experienced a few flat sales jeopardised due to short leases. I have been given contradictory information from local Woodlands conveyancing solicitors. Please can you clarify whether the seller of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Woodlands conveyancing firm to act on my behalf?
You certainly can. We are happy to put you in touch with a Woodlands conveyancing firm who can help.
An example of a Lease Extension case for a Woodlands residence is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case affected 1 flat. The number of years remaining on the existing lease(s) was 60.45 years.
I am hoping to put an offer on a small detached house that seems to be perfect, at a great figure which is making it more attractive. I have just been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Woodlands. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Woodlands ?
The majority of houses in Woodlands are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Woodlands in which case you should be shopping around for a Woodlands 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 lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’sconsent to carry out alterations. You may also be required to pay a service charge towards the upkeep of the estate where the house is part of an estate. Your lawyer will advise you fully on all the issues.