I have given 2 months notice to my existing landlord and must leave my let out property in Hastings by 22/3/2019. Conveyancing on my purchase is underway. Is it possible to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to provide notice on a rental until you have exchanged. Assuming that you have not previously done so, update to your solicitor and request that they cajole the owners solicitors, try to a target completion date that all parties will work towards
How does conveyancing in Hastings differ for new build properties?
Most buyers of new build premises in Hastings contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Hastings tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hastings or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Hastings I like with amenity areas and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Hastings for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
In my capacity as executor for the estate of my grandfather I am selling a property in Swansea but reside in Hastings. My lawyer (who is 300 miles from merequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing solicitor in Hastings who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Hastings based
I've recently bought a leasehold flat in Hastings. Do I have any liability for service charges relating to a period prior to completion of my purchase?
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. Strange as it may seem, 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).
Leasehold Conveyancing in Hastings - Examples of Queries Prior to buying
The answer will be helpful as a) areas can result in problems for the block as the common areas may begin to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will wish to have all the details It is important to be aware if changing the roof or some other significant cost is due shortly that will be shared by the tenants and will materially increase the the maintenance costs or result in a one off payment.