I have given 8 weeks notice to my current landlord and must vacate my rented flat in Woburn by 12/8/2021. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as don't want to have to move into short term accommodation?
Generally one should not serve notice for your letting unless you have exchanged. Assuming that you have not previously done so, notify to your lawyer and request that they chase the owners lawyers, try to get a realistic time scale from them that everyone will aim to achieve
At what point can the exchange of contracts happen for residential conveyancing in Woburn and do I need to be at the lawyers branch?
Where you are round the corner to our conveyancing solicitors in Woburn you are welcome to attend to sign contracts. That being said, the lender approved solicitors we recommend offer a nationwide conveyancing service and give as equally diligent and professional a job for you when dealing with you electronically. The signing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Woburn)to be in the office at the appropriate time.
We're in Woburn, First time buyers purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Should my conveyancer be raising enquiries concerning flooding during the conveyancing in Woburn.
Flooding is a growing risk for lawyers carrying out conveyancing in Woburn. There are those who purchase a house in Woburn, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a various searches that may be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Woburn. The standard information sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to determine whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a purchaser could bring a claim for damages as a result of such an inaccurate answer. The buyer’s solicitors may also order an enviro search. This should disclose whether there is any known flood risk. If so, additional inquiries should be made.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Woburn. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Woburn
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?