I have given 2 months notice to my existing landlord and have to leave my let out flat in Pembrokeshire by 8/11/2023. Conveyancing for my house purchase is progressing. Is it possible to complete in 5 weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice on a rental until you have exchanged. Assuming that you have not already done so, notify to your lawyer and ask them to they cajole the other side, try to get a realistic time scale from them that everyone will aim towards
We note that you have a search directory identifying solicitors on the UBS conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Pembrokeshire?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Pembrokeshire.
I have been told that property searches are a common reason for delay in Pembrokeshire house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Pembrokeshire.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Pembrokeshire I like with amenity areas and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Pembrokeshire suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I have been pointed in your direction by a number of selling agents in Pembrokeshire to choose a conveyancer on your site. Is there a financial incentive for Estate Agents to offer your services rather than another?
We don’t give any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.