I have given 8 weeks notice to my existing landlord and have to leave my rented apartment in Fenham by 9/4/2019. Conveyancing for my house purchase has just started. Is it possible to complete in six weeks as don't want to have to move into temporary accommodation?
It is unwise to give notice for your letting unless you have exchanged. Assuming that you have not previously done so, update to your lawyer and ask them to they chase the sellers side, try to get a realistic time scale from them that all parties will work towards
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Fenham is the location of the property. Is there any guidance you can give?
Flying freeholds in Fenham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fenham you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My business partner and I are wishing to lease a unit on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Fenham for under 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Fenham, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right firm. Regarding the costs these will vary based on the structure and heads of terms of the deal. Please provide us with your details or phone us so that we may furnish you with comprehensive commercial conveyancing quote.
Can you offer any advice when it comes to appointing a Fenham conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Fenham conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Fenham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
How familiar is the firm with lease extension legislation? Can they put you in touch with clients in Fenham who can give a testimonial?
Fenham Leasehold Conveyancing - Examples of Queries before Purchasing
Most Fenham leasehold flats will be liable to pay a service charge for the upkeep of the building set by the management company. Where you acquire the property you will have to meet this amount, normally in instalments accross the year. This can differ from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a rentcharge to be met annual, ordinarily this is not a exorbitant amount, say approximately £25-£75 but you need to enquire as on occasion it can be prohibitively expensive. Be sure to find out if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Fenham. If you like the flatin Fenham but your cat is not allowed to live with you then you will be faced hard compromise.
Two months into a sale of a flat in Fenham. Conveyancing is fine but we are being charged a fortune from the landlord. So far we have paid £237 for a leasehold management pack and then a further £118 for responses to questions raised by the purchaser's solicitor.
Neither you or your conveyancing practitioner will have any sway over the level of the bill for this information however the average fee for the information for Fenham leasehold premises is £355. For Fenham conveyancing sales it is standard for the seller to pay for these charges. The freeholder or their agents are under no statutory obligation to address these questions although many will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Unfortunately there is no legislation that mandates fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.