I have given 2 months notice to my existing landlord and have to leave my rented property in Stone Cross by the end of next month. Conveyancing on my purchase has just started. Can I complete in three weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice for your letting until you have exchanged. Assuming that you have not already done so, speak to your lawyer and ask them to they chase the owners solicitors, try to an agreed time frame that everyone will aim to achieve
I have just over seventy years unexpired on my lease and need a lease extension for my apartment in Stone Cross. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 27/11/2020 the requirements read as follows :
The formalities of my purchase has taken place for my property in Stone Cross. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I am due to exchange contracts on my flat. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being pedantic. The Stone Cross solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase maisonette in Stone Cross. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stone Cross conveyancing practitioner is on the HSBC conveyancing panel.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Stone Cross I like with open areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Stone Cross for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Is it best to go with a Stone Cross conveyancing solicitor based in the area that I am buying? I have an old university friend who can handle the legal work however his firm is located over three hundred kilometers away.
The primary upside of using a local Stone Cross conveyancing practice is that you can drop in to execute paperwork, deliver your ID and pester them if necessary. They will also have local insight which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that must outweigh using an unknown Stone Cross conveyancing solicitor just because they are based in the area.