I have given 2 months notice to my existing landlord and have to be out of my rented flat in Easton by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in 5 weeks as don't want to have to move into short term accommodation?
Generally one should not serve notice on a rental until you have exchanged. If you have not already done so, speak to your lawyer and request that they cajole the owners solicitors, try to get a realistic time scale from them that all parties will work to achieve
My Conveyancer in Easton has never been on on the Halifax Solicitor Panel. Is it possible for me to use my family solicitor even though they are excluded from the Halifax panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Easton lawyers but Halifax will need to instruct a conveyancer on their panel. This will result in additional overall legal charges and cause frustration.
- Get an alternative practitioner to to deal with the purchase, not forgetting to check they are on the Halifax panel
What does a local search reveal concerning the house my wife and I purchasing in Easton?
Easton conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search is essential in every Easton conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I need to instruct a conveyancing solicitor for sale conveyancing in Easton. I have land on a site which appears to be the ideal solution If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am attracted to a couple of maisonettes in Easton both have about forty five years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold apartment in Easton is a wasting asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the salability of the premises. The majority of purchasers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Easton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Easton Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
The prefered form of lease structure is a share of the freehold. In this arrangement the lessees have control and notwithstanding that a managing agent is frequently employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. What is the length of the lease? Who are the managing agents?