I have given 8 weeks notice to my existing landlord and must leave my let out flat in Ravenshead by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in 5 weeks as don't want to have to move into temporary accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, notify to your lawyer and urge them to they cajole the sellers lawyers, try to an agreed time frame that all parties will look to achieve
Is there a reason why leasehold purchase conveyancing in Ravenshead costs more?
The conveyancing fees on a leasehold property in Ravenshead is often more expensive when contrasted to a freehold property. This is because there is an amount of supplemental investigations necessary in dealing with the landlord and management company to collate the evidence concerning whether the rent and maintenance charges have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
I am aiming to move home in November. Will my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Ravenshead. Conveyancing lawyer was organised prior to coming across this website.
On the afternoon of completion you will need to collect the keys from your estate agent but this should only occur when the previous owners lawyers confirm to the agent that they have the completion monies and the keys can be passed over. Subsequently you should inform the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in finding a conveyancing in Ravenshead or a solicitor with expertise in conveyancing in Ravenshead.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Ravenshead solicitor on the Aldermore panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Ravenshead bank branch on a couple of occasions and was informed it wasn't a problem and they would lend. My Ravenshead conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their specific requirements. I have no idea who is right.
As long as the property lawyer is on the bank approved list, they must adhere to the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I'm purchasing a new build house in Ravenshead with a mortgage from Barclays Direct. The developers refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep advised me not to tell my solicitor about this deal as it will adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance 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.
I am thinking of appointing a conveyancing practitioner in Ravenshead for my home move. Can I see a firm’s record with the legal regulator?
Members of the public may find presented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA may recorded call for training purposes.
Back In 2008, I bought a leasehold house in Ravenshead. Conveyancing and Aldermore mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Ravenshead who previously acted has long since retired. Any advice?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is indeed the new freeholder. There is no need to incur the fees of a Ravenshead conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a basement flat in Ravenshead, conveyancing was carried out in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Ravenshead with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 per annum. The lease comes to an end on 21st October 2101
With just 75 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.