I have given 8 weeks notice to my existing landlord and must leave my rented property in Twickenham Park by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in three weeks as don't want to have to find temporary accommodation?
It is unwise to provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, speak to your conveyancer and ask them to they apply pressure on the other solicitors, try to get a realistic time scale from them that all parties will aim to achieve
I'm purchasing my first flat in Twickenham Park with a loan from Norwich and Peterborough Building Society. The builders refused to budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my conveyancer about this deal as it will affect my mortgage with Norwich and Peterborough Building Society. 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.
I have been on the look out for a flat up to £245,000 and found one close by in Twickenham Park I like with a park and station in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Twickenham Park for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Twickenham Park cover?
Twickenham Park conveyancing for business premises incorporates a wide array of advice, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Should I go with a Twickenham Park conveyancing lawyer who is local to the property I am buying? An old friend can execute the legal formalities however her office is 300miles drive away.
The primary upside of using a local Twickenham Park conveyancing practice is that you can visit the firm to execute documents, deliver your identification documents and apply pressure on them if necessary. Having local Twickenham Park know how is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were content that must trump using an unfamiliar Twickenham Park conveyancing solicitor solely due to them being round the corner.