I have given 8 weeks notice to my existing landlord and must be out of my rented flat in Newington by 3/9/2019. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice for your lease unless exchange of contracts has taken place. If you have not already done so, speak to your lawyer and urge them to they seek the assistance the sellers lawyers, try to a target completion date that all parties will work to achieve
I own a freehold house in Newington yet pay rent, why is this and what is this?
It’s unusual for properties in Newington and has limited impact for conveyancing in Newington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I have been told that property searches are the main reason for obstruction in Newington house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Newington.
Just bought a terraced house in Newington , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Newington conveyancing solicitor works at snail pace, so I want to be certain that my purchase is registered.
As far as conveyancing in Newington registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry communicate with any third parties. At present in the region of three quarters of such applications are fully addressed within 12 days but some can be subject to extensive delays. Registration takes place once the new owner is living at the property therefore 'speed' is not always primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
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