I have given 2 months notice to my existing landlord and must be out of my let out property in Aberdovey by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, speak to your lawyer and urge them to they apply pressure on the sellers side, try to get a realistic time scale from them that everyone will look towards
I am planning on selling our home in Aberdovey and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing practice as opposed to a conveyancing solicitor in Aberdovey. Having lived in Aberdovey for six years we know of no issue. Should we contact our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? 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)
How does conveyancing in Aberdovey differ for newly converted properties?
Most buyers of new build property in Aberdovey come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Aberdovey usually acquire the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Aberdovey or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Aberdovey before retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders may not issue a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aberdovey. Conveyancing will be smoother if you use a solicitor in Aberdovey especially if they regularly deal with such properties in Aberdovey.
I have just started marketing my basement flat in Aberdovey. Conveyancing is yet to be initiated, however I have recently received a yearly maintenance charge demand – Do I pay up?
It best that you clear the service charge as you normally would because all rents and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice 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. This will smooth the conveyancing process.
I bought a 1st floor flat in Aberdovey, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Aberdovey with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease ends on 21st October 2081
You have 60 years remaining on your lease we estimate the premium for your lease extension to be between £20,000 and £23,000 as well as legals.
The suggested premium range above 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 the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.