I have given 2 months notice to my existing landlord and have to be out of my let out apartment in Felpham by the end of next month. Conveyancing on my purchase has just started. Can I complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to provide notice for your tenancy until exchange of contracts has taken place. If you have not already done so, contact to your lawyer and request that they cajole the owners solicitors, try to get a realistic time scale from them that all parties will aim to achieve
My husband and I decided to purchase a newly converted flat in Felpham with a mortgage from Aldermore.We like our Felpham conveyancing solicitor but Aldermore informed us he's not on their approved list of member firms. we are left little option but to use a Aldermore panel solicitor or retain our preferred solicitor and pay for a Aldermore panel lawyer to act for them. This seems very unfair; Can we not simply insist that Aldermore use our lawyer?
No, not really. The home loan issued to you is subject to its terms and conditions, a common one being that solicitors will be on the Aldermore approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Aldermore
It has been three months following my purchase conveyancing in Felpham concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Felpham I like with open areas and railway links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Felpham for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
Our offer on house in Felpham has been accepted, but there is a chain. The owners have offered on somewhere, however it’s not yet tied up, and are looking at other flats booked. I have selected a nearby conveyancing lawyer in Felpham. What should be my next step? When should I get the mortgage application with RBS going with RBS?
It is standard to have anxieties where there is a chain given your reluctance to incur costs prematurely (home loan application is in the region of £1k, then valuation, Felpham conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the RBS conveyancing panel. As to the subsequent phase this very much depends on the specifics of your case, desire for the property and on the state of the market. In a hot market some buyers will apply for the mortgage with RBS and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with the conveyancing in Felpham.