I have given 8 weeks notice to my existing landlord and have to vacate my let out property in Holt by 21/1/2025. Conveyancing on my purchase is underway. Is it possible to complete in a couple of weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to provide notice for your letting until exchange of contracts has taken place. Assuming that you have not already done so, speak to your lawyer and ask them to they apply pressure on the other lawyers, try to a target completion date that everyone will work towards
The Holt conveyancing solicitors that just started acting on my purchase in Holt have without warning shut down. I only went with them because I needed a firm on the Santander conveyancing panel and my family Holt lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Santander conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
3 months have elapsed since my purchase conveyancing in Holt completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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.
I am looking for a flat up to £305k and identified one close by in Holt I like with amenity areas and station nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Holt for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
How much should conveyancing in Holt cost?
The total sum levied for Holt conveyancing charges will differ considerably from lawyer to lawyer. This makes it is particularly important that you find this out before you instruct a conveyancer. It is advisable to find a few quotes.