I have given 8 weeks notice to my existing landlord and must vacate my rented flat in Norwood by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to move into short term accommodation?

It is unwise to provide notice for your letting unless you have exchanged. Assuming that you have not previously done so, notify to your lawyer and ask them to they cajole the owners solicitors, try to get a realistic time scale from them that all parties will look towards

We're in Norwood, FTBs purchasing with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Nottingham 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.

My company is planning to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive fees for commercial conveyancing in Norwood for below 1500k?

We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Norwood, including the sale and acquisition of businesses as well as simply property. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. As for the costs these will vary based on the structure and nuances of the deal. Please provide us with your contact information or call us so that we may provide you with comprehensive commercial conveyancing calculation.

In surfing the web for the term on line conveyancing in Norwood it shows results of numerous property lawyersin the area. How do I determine which is the right solicitor for my move?

The preferential way of choosing the right conveyancer is via trusted referral, so ask colleagues and family who have acquired a property in Norwood or a reputable estate agent or financial adviser. Costs for conveyancing in Norwood vary, so it's a good idea to request a minimum of four fee estimates from varying types of solicitors. Make sure that you clarify what costs in the quote includes.

I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Norwood. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?

Most houses in Norwood are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Norwood so you should seriously consider looking for a Norwood conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your conveyancer will advise you fully on all the issues.

Leasehold Conveyancing in Norwood - A selection of Questions you should consider before Purchasing

If a Norwood lease has less than eighty years it will have adverse implications on the value of the flat. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely need a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will be be obliged to have owned the premises for a couple of years in order to be entitled to exercise a lease extension. The answer will be important as a) areas could cause problems for the block as the common areas may start to deteriorate where maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will want to have full disclosure