I have given 8 weeks notice to my current landlord and must be out of my rented property in Knotty Ash by 30/8/2019. Conveyancing on my purchase is underway. Is it possible to complete in a couple of weeks as don't want to have to move into short term accommodation?
It is unwise to serve notice for your lease unless exchange of contracts has taken place. If you have not previously done so, speak to your lawyer and request that they cajole the sellers solicitors, try to a target completion date that all parties will look towards
We are planning to buy with Darlington Building Society. I went into 3 or 4 local solicitors yet cant to find a Knotty Ash conveyancing firm on the Darlington Building Society approved list. Could you assist?
Feel free to take advantage of the search tool on this web page. Please choose the lender and type Knotty Ash or your location and you will discover a number of lawyer based in Knotty Ash or near you.
Two weeks ago we had a mortgage agreed in principle with Clydesdale. Knotty Ash conveyancing solicitors are instructed. How long does it take for Clydesdale to issue the offer to the lawyer?
Some lenders take longer than others. Have Clydesdale completed the valuation? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am currently in the process of buying my council flat in Knotty Ash. I have a mortgage agreed with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
Coventry BS have agreed my home loan in principle, my offer on a apartment in Knotty Ash has been accepted, what happens next?
Your property agent will need to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Contact Coventry BS or your broker and finish off any outstanding paperwork. Coventry BS will sellect a valuer who will get in touch with the selling agent or seller to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Coventry BS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Knotty Ash.
I have just started marketing my 2 bed apartment in Knotty Ash. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all ground rent and service charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Knotty Ash - Examples of Questions you should consider before buying
Who are the managing agents? Is the freehold owned jointly by the leaseholders? How many years are left on the lease?
Fiveweeks into purchasing a residence in Knotty Ash. Conveyancing solicitor has told us the property is "Leasehold". Should this impact the marketability of the house?
Knotty Ash conveyancing does not usually involve leasehold houses. The key factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the saleability too much.
On the flip side, if it's, say, Sixty years it is bound to have a significant effect on the value, and most likely wouldn't be acceptable to the lender. The remaining lease term and ground rent will be specified in the lease which should be made available to your solicitor.