I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Barton Upon Humber by 6/2/2019. Conveyancing for my house purchase has just started. Can I complete in three weeks as don't want to have to move into temporary accommodation?
Generally one should not provide notice for your tenancy until you have exchanged. Assuming that you have not previously done so, update to your lawyer and ask them to they chase the other lawyers, try to an acceptable time-line that everyone will look to achieve
I purchased a freehold premises in Barton Upon Humber but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Barton Upon Humber and has limited impact for conveyancing in Barton Upon Humber but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
How difficult is it to transfer to a new solicitor as I need to appoint a firm on the Accord Mortgages Ltd conveyancing list. I was using a high street conveyancing solicitor in Barton Upon Humber round the corner but he is not approved by Accord Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in Barton Upon Humber on the Accord Mortgages Ltd panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Barton Upon Humber. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Barton Upon Humber.
I am attracted to a two maisonettes in Barton Upon Humber both have approximately 50 years left on the lease term. Will this present a problem?
There are plenty of short leases in Barton Upon Humber. The lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and results in it becoming more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.
I acquired a leasehold flat in Barton Upon Humber, conveyancing having been completed 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Barton Upon Humber with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ceases on 21st October 2080
With 62 years remaining on your lease we estimate the premium for your lease extension to range between £17,100 and £19,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
How easy is it to change a solicitor as I need to find a Barton Upon Humber based conveyancer who is on the bank conveyancing panel. Is it advisable to appoint a new law firm?
In the event that you have not formally instructed a conveyancer to start work and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Barton Upon Humber that you're thinking of instructing.