I have given 8 weeks notice to my existing landlord and have to leave my rented flat in Thornaby by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to give notice on a rental until you have exchanged. Assuming that you have not already done so, notify to your solicitor and ask them to they cajole the other lawyers, try to get a realistic time scale from them that all parties will aim to achieve
We are looking to buy a house and require a conveyancing solicitor in Thornaby who is on the Coventry BS approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Thornaby.
We are purchasing a apartment in Thornaby. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am buying a 3 bedroom semi in Thornaby. We would like to convert the garage to an office at the house.Will legal investigations on the property involve enquiries to see if these alterations were previously refused?
Your solicitor should review the registered title as conveyancing in Thornaby can occasionally reveal restrictions in the title deeds which restrict categories of works or need the consent of another owner. Many works call for local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
The mortgage over my property is with Bank of Ireland for my property in Thornaby. Conveyancing was finalised a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
You must advise Bank of Ireland prior to letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel firm.
What makes your site different to other online quote calculators when it comes to conveyancing in Thornaby?
At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Thornaby. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest commission, as opposed to the best value conveyancing in Thornaby
Can you offer any advice when it comes to finding a Thornaby conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Thornaby conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Thornaby conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
How familiar is the practice with lease extension legislation?
I inherited a 1st floor flat in Thornaby, conveyancing was carried out 5 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Thornaby with over 90 years remaining are worth £186,000. The ground rent is £55 invoiced annually. The lease runs out on 21st October 2074
With only 53 years remaining on your lease the likely cost is going to be between £27,600 and £31,800 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.