I have given 2 months notice to my current landlord and must be out of my let out apartment in Parson Cross by 26/3/2026. Conveyancing for my house purchase is progressing. Can I complete in 5 weeks as I wish to avoid having to find short term accommodation?

It is unwise to give notice for your tenancy until you have exchanged. If you have not already done so, speak to your conveyancer and ask them to they apply pressure on the sellers lawyers, try to a target completion date that all parties will work towards

My home in Parson Cross is up for sale and I have a buyer. Does my conveyancing practitioner need to be on the Bank of Ireland conveyancing panel in order to deal with the discharge of my mortgage?

Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.

How does conveyancing in Parson Cross differ for newly converted properties?

Most buyers of new build property in Parson Cross come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because builders in Parson Cross tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Parson Cross or who has acted in the same development.

How does the Landlord & Tenant Act 1954 affect my business offices in Parson Cross and how can you help?

The 1954 Act affords a safeguard to business tenants, giving them the dueness to make a request to court for a new lease and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Parson Cross

What are the common defects that you see in leases for Parson Cross properties?

There is nothing unique about leasehold conveyancing in Parson Cross. All leases are unique and drafting errors can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

Clauses dealing with recovering service charges for expenditure on the building or common parts. Repairing obligations to or maintain parts of the building

A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Barnsley Building Society, and Aldermore all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to pull out.

I bought a 1st floor flat in Parson Cross, conveyancing formalities finalised June 2001. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Parson Cross with a long lease are worth £207,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease ends on 21st October 2083

You have 57 years remaining on your lease we estimate the price of your lease extension to span between £28,500 and £33,000 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.