I have given 8 weeks notice to my existing landlord and have to be out of my rented property in Roundhay by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in 5 weeks as don't want to have to move into short term accommodation?
It is unwise to give notice on a rental until your lawyer suggests that you should. If you have not already done so, contact to your solicitor and request that they apply pressure on the owners solicitors, try to an acceptable time-line that everyone will aim towards
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Roundhay is where the house is located. Is there any guidance you can impart?
Flying freeholds in Roundhay are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Roundhay you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Roundhay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm remortgaging my primary house to a BTL loan with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on a second house. The area we are interested in is Roundhay. Will your solicitors be able to act for the two lenders and tie in the transactions?
Make use of our search tool on this page to be sure that the conveyancers are on the appropriate lender panels. Assuming that they are your solicitor should be able to connect the two deals but you should have a chat with you solicitor and specify your desired outcome and needs.
What makes a Roundhay lease problematic?
Leasehold conveyancing in Roundhay is not unique. Most leases are unique and legal mistakes in the legal wording can result in certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
Maintenance charge proportions which don’t add up to the correct percentage
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Virgin Money, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the buyer to pull out.
I am the registered owner of a 2 bed flat in Roundhay, conveyancing was carried out 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Roundhay with a long lease are worth £176,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2098
With just 79 years unexpired we estimate the price of your lease extension to span between £7,600 and £8,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I require the services of a lender panel solicitor in Roundhay. Could you help me?
It is not clear why you need a Roundhay panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Roundhay are on their panel . If you do find such a firm in Roundhay not listed please direct them to our site to list. After all the cost is only one £1 a month