I have given 8 weeks notice to my existing landlord and have to leave my rented flat in Langport by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to serve notice for your lease until your lawyer suggests that you should. If you have not previously done so, contact to your conveyancer and urge them to they cajole the owners lawyers, try to get a realistic time scale from them that all parties will aim to achieve
I am downsizing from our property in Langport and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Langport conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Langport. We have lived in Langport for many years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I decided to have a survey completed on a house in Langport ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders tend not grant a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Langport. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Langport to see if the conveyancing will be more expensive.
Can you provide any top tips for leasehold conveyancing in Langport with the intention of expediting the sale process?
- Much of the delay in leasehold conveyancing in Langport can be avoided where you get in touch lawyers as soon as you market your property and ask them to collate the leasehold information needed by the buyers’ representatives. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is less than 80 years. It is therefore essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. Some Langport leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. Many landlords or Management Companies in Langport levy fees for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in Langport. In the event that you altered the property did you need the Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Langport state that internal structural changes or installing wooden flooring necessitate a licence from the Landlord consenting to such works. If you dont have the consents to hand do not contact the landlord without contacting your solicitor in advance.
Langport Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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What is the name of the managing agents? Most Langport leasehold properties will incur a service charge for maintenance of the block invoiced by the management company. Should you purchase the property you will have to meet this amount, normally in instalments throughout the year. This may vary from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. There will also be a ground rent to be met annual, this is usually not a exorbitant figure, say about £50-£100 but you should to enquire as sometimes it could be surprisingly expensive. How much is the ground rent and service charge?
I note that you have a post code search directory listing law firms on the bank conveyancing panel. Do Langport conveyancing companies pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Langport.