I have given 2 months notice to my existing landlord and have to be out of my rented property in High Wycombe by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?
Generally one should not provide notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, speak to your lawyer and request that they chase the owners lawyers, try to a target completion date that everyone will aim to achieve
Is there a reason why leasehold purchase conveyancing in High Wycombe costs more?
High Wycombe leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We're in High Wycombe, First timers purchasing with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am looking for a flat up to £305k and identified one round the corner in High Wycombe I like with amenity areas and transport links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in High Wycombe in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am using a search engine for the words cheap conveyancing in High Wycombe it shows results of numerous property lawyersin the area. How do I determine which is the right property lawyer for purchase transaction?
The preferential method of seeking a suitable conveyancer is through a personal testimonial, so ask colleagues and family who have bought a property in High Wycombe or the local estate agent or mortgage broker. Fees for conveyancing in High Wycombe differ, so it's sensible to secure at least three quotes from varying types of companies. Dont forget to clarify what costs in the quote includes.