I have given 8 weeks notice to my current landlord and must vacate my let out flat in Burton Bradstock by . Conveyancing on my purchase has just started. How realistic is it to complete in six weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice for your tenancy unless exchange of contracts has taken place. If you have not previously done so, update to your solicitor and request that they cajole the owners side, try to an acceptable time-line that all parties will look towards
I am buying a new build house in Burton Bradstock benefiting from help to buy. The builders would not move on the price so I negotiated £7000 of additionals instead. The property agent advised me not inform my lawyer about the side-deal as it may affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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 opted to have a survey carried out on a house in Burton Bradstock before retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will not give a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burton Bradstock. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burton Bradstock to see if the conveyancing costs will increase in light of this.
I am thinking of appointing a conveyancing solicitor in Burton Bradstock for my home move. Can I check a solicitor's complaints history with the profession’s regulator?
Members of the public may read published Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator could recorded call for training reasons.
I invested in buying a basement flat in Burton Bradstock, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Burton Bradstock with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 50
With only 50 years unexpired we estimate the price of your lease extension to be between £36,100 and £41,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive 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 taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.