I have given 8 weeks notice to my existing landlord and have to vacate my rented apartment in Branston by 27/12/2024. Conveyancing for my house purchase is underway. Is it possible to complete in 4 weeks as I wish to avoid having to find short term accommodation?
Generally one should not provide notice for your lease until exchange of contracts has taken place. Assuming that you have not already done so, notify to your lawyer and ask them to they apply pressure on the sellers side, try to get a realistic time scale from them that all parties will look to achieve
Me and my partner are buying a flat in Branston. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to put money into their account. What is the protection we have from them run away with our deposit?
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 had a mortgage agreed in principle with Kent Reliance. Branston conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance done the survey? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Branston building society branch on a couple of occasions and was told it does not affect the mortgage offer and they would lend. My Branston conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their published requirements. Who do I believe?
Provided that the lawyer is on the lender panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Branston I like with amenity areas and station nearby, however it only has 49 years on the lease. I can't really find anything else in Branston suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Is there anything unique about your site and alternative internet conveyancing brokers for conveyancing in Branston?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Branston. As opposed to estate agents and brokerage sites we do not charge firms a fee if you select them for your home move in Branston
I have just had an offer accepted on an apartment in Branston and the broker that we are dealing with suggested his lawyer. He quoted a thousand pounds including VAT and 3rd party costs. Does this sound expensive?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Branston. Then pick one that you are comfortable with and just as important, is on the approved panel of the mortgage company that you are sourcing your mortgage from.