I have given 8 weeks notice to my existing landlord and have to vacate my rented apartment in Hockley by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in six weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice on a rental unless exchange of contracts has taken place. If you have not previously done so, contact to your solicitor and ask them to they seek the assistance the owners lawyers, try to an acceptable time-line that all parties will work to achieve
We are purchasing a house and need a conveyancing solicitor in Hockley who is on the UBS conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for UBS . We don't recommend any particular firms conducting conveyancing in Hockley.
Are there restrictive covenants that are commonly identified during conveyancing in Hockley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hockley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing my first flat in Hockley with the aid of help to buy. The builders refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not to tell my conveyancer about the deal as it will affect my mortgage with National Westminster Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I've recently bought a leasehold house in Hockley. Am I liable to pay service charges for periods before 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. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure 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 am the registered owner of a 1st floor flat in Hockley, conveyancing was carried out in 2001. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Hockley with an extended lease are worth £221,000. The ground rent is £50 per annum. The lease runs out on 21st October 2088
You have 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.