I have given 8 weeks notice to my current landlord and have to vacate my let out flat in Barnard Castle by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice for your letting unless your lawyer suggests that you should. Assuming that you have not previously done so, notify to your solicitor and request that they chase the other side, try to an acceptable time-line that all parties will work to achieve
Are there restrictive covenants that are commonly picked up during conveyancing in Barnard Castle?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Barnard Castle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We're new on the property ladder - agreed a price, but the estate agent has warned us that the owners will only proceed if we use the agent's recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is familiar with conveyancing in Barnard Castle
It is improbable the sellers are behind this. Should the owner desire ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Barnard Castle conveyancing solicitors - not the ones that will give the estate agent a referral fee or achieve conveyancing targets set by head office.
I have just started marketing my garden apartment in Barnard Castle. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly service charge demand – Do I pay up?
The sensible thing to do is pay the maintenance contribution as you normally would because all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a 1st floor flat in Barnard Castle, conveyancing was carried out 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Barnard Castle with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 2085
With only 64 years left to run we estimate the price of your lease extension to span between £15,200 and £17,600 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
My brother is buying a shared ownership flat in Barnard Castle. He has received an estimate by the lawyer connected to the estate agents and it came to £1275 . It was fifteen years ago I sold and bought a house and the bill was £440. Have charges really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Barnard Castle searches, land registry fees, etc)