I have given 2 months notice to my current landlord and have to vacate my let out property in Milton Keynes by 22/11/2021. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as I wish to avoid having to find temporary accommodation?
Generally one should not give notice on a rental unless you have exchanged. If you have not previously done so, update to your lawyer and ask them to they seek the assistance the other side, try to an acceptable time-line that everyone will look to achieve
I am assisting my mother sell her property in Milton Keynes. Will the conveyancing solicitor commission the energy assessment or do I organise this?
After the abolition of HIPs, energy assessments remained a mandatory component of moving property. An energy performance certificate must be commissioned prior to the property being advertised. This is not as aspect of the sale process that law firms ordinarily arrange. Where you are using a Milton Keynes conveyancing lawyer they might be willing to arrange energy performance certificates due to their contacts with reputable Milton Keynes energy assessors
Is there a list of Aldermore panel solicitors in Milton Keynes on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. A small selection of banks make their panel listings available online. If you are in need of a Milton Keynes conveyancing practitioner on the Aldermore please make the most of our facility.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Milton Keynes bank branch on various occasions and was advised it wasn't an issue and they will lend. My Milton Keynes conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend based on their specific requirements. I have no idea who is right.
Provided that the property lawyer is on the bank approved list, they must follow the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who conducted the conveyancing in Milton Keynes 4 years ago have long since closed. What are my next steps?
Assuming the title is registered the information relating to your ownership will be evidenced by HMLR with a Title Number. It is easy to perform a search at the Land Registry, find your property and get current copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
Just had an offer accepted on a new build apartment in Milton Keynes. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Milton Keynes
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Milton Keynes. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Milton Keynes ?
Most houses in Milton Keynes are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Milton Keynes in which case you should be shopping around for a Milton Keynes conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your conveyancer will report to you on the legal implications.
I am the registered owner of a basement flat in Milton Keynes, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Milton Keynes with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2084
With just 63 years unexpired the likely cost is going to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.