I have given 8 weeks notice to my existing landlord and have to vacate my let out apartment in Bidford On Avon by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in 4 weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice for your letting unless exchange of contracts has taken place. If you have not previously done so, speak to your conveyancer and urge them to they cajole the other lawyers, try to a target completion date that all parties will aim towards
Are there restrictive covenants that are commonly identified during conveyancing in Bidford On Avon?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Bidford On Avon. 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…’
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Bidford On Avon I like with a park and railway links in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Bidford On Avon suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
My partner has suggested that I appoint his conveyancers in Bidford On Avon. Should I use them?
No doubt the best way to find a conveyancing lawyer is to have recommendations from friends or relatives who have experience in using the solicitor you're contemplating using.
We own a leasehold flat in Bidford On Avon. Conveyancing was completed in five years ago. I have read on various consumer forums that I mustn’t let the lease length fall too short. Is this right?
Bidford On Avon leasehold properties are for a set term - usually ninety nine years when they are first granted. However many flats in Bidford On Avon were built or converted 30 or more years ago and so these leases now have fewer than eighty years remaining. This may sound like plenty of time but Banks, Building Societies and other mortgage companies tend to need leases to have a minimum of seventy five years remaining to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the marketability of your property you should be considering whether or not to extend your lease long before you come to sell it. You should note that there are strong financial reasons to doing so before the lease hits 80 years as when the lease falls below 80 years the premium to be paid to extend starts to get a lot more expensive.