I have given 2 months notice to my current landlord and have to leave my rented apartment in Tunstall by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in 4 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to serve notice for your letting until exchange of contracts has taken place. If you have not already done so, update to your conveyancer and request that they seek the assistance the sellers lawyers, try to get a realistic time scale from them that all parties will aim towards
I am purchasing a new build house in Tunstall with the aid of help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not to tell my solicitor about this side-deal as it could impact my loan with National Westminster Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
As co-executor for the estate of my uncle I am selling a property in Neath but I am based in Tunstall. My lawyer (based 200 miles from meneeds me to sign a stat dec prior to completion. Can you recommend a conveyancing practitioner in Tunstall to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Tunstall based
I have just started marketing my ground floor apartment in Tunstall. Conveyancing has not commenced, but I have just had a yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the invoice as usual given that all rents and service charges should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a 2 bed flat in Tunstall, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Tunstall with an extended lease are worth £195,000. The ground rent is £45 yearly. The lease ceases on 21st October 2083
With just 64 years left to run the likely cost is going to range between £14,300 and £16,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Should I cancel the direct debit for my mortgage with Lloyds as soon as a completion date for my home sale in Tunstall has been set?
You are best advised to maintain paying any mortgage sums to Lloyds until the mortgage is paid off on completion as part of your Tunstall conveyancing.