I have given 8 weeks notice to my existing landlord and must vacate my let out property in Handforth by 19/11/2020. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as don't want to have to find temporary accommodation?
The normal practice is not to serve notice for your lease until your lawyer suggests that you should. Assuming that you have not already done so, contact to your lawyer and request that they cajole the owners lawyers, try to get a realistic time scale from them that all parties will look to achieve
Can your site be used to locate a Conveyancing solicitor in Handforth even if I’m not buying or selling a house, for example where I intend to acquire a shop in Handforth with a mortgage from Leeds Building Society?
Our comparison service is mainly utilised to help choose domestic conveyancing solicitors in Handforth but we have recorded towards the bottom of this page a few Handforth commercial conveyancing firms. You should make contact with the company directly to establish if they can also act for Leeds Building Society
I need some quick conveyancing in Handforth as I have pressure to exchange contracts in less than 3 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not getting a home loan you have the choice not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Handforth the following are examples of what can show up and therefore impact market value: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
I'm buying a new build house in Handforth with a mortgage from Chelsea Building Society. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my lawyer about this deal as it could put at risk my mortgage 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.
Last March I purchased a leasehold house in Handforth. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1st floor flat in Handforth, conveyancing formalities finalised in 2004. Can you work out an approximate cost of a lease extension? Corresponding flats in Handforth with a long lease are worth £165,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2097
With just 77 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.