I have given 8 weeks notice to my current landlord and have to leave my rented flat in Talbot Green by 5/6/2019. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as don't want to have to find short term accommodation?
The normal practice is not to give notice for your tenancy unless your lawyer suggests that you should. If you have not previously done so, contact to your solicitor and request that they chase the owners lawyers, try to an agreed time frame that everyone will look towards
We note that you have a post code search directory identifying firms on the Barclays conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Talbot Green?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Talbot Green.
I'm purchasing a new build house in Talbot Green with a loan from Alliance & Leicester . The developers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not inform my lawyer about this extras as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £195,000 and identified one near me in Talbot Green I like with open areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Talbot Green for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
At what point do I incur stamp duty due for my Talbot Green flat purchase?
The majority of solicitors will fill out a Land Transaction Return Form on your behalf during your Talbot Green conveyancing transaction for you to sign. On completion your conveyancer will submit the STL Return Form to the Inland Revenue and - assuming they have the money - pay any tax bill due on your behalf.