I have given 2 months notice to my current landlord and have to leave my rented apartment in Mountsorrel by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, contact to your conveyancer and request that they chase the sellers side, try to an agreed time frame that all parties will aim to achieve
We're in Mountsorrel, FTBs buying with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer 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.
three months have gone by since my purchase conveyancing in Mountsorrel concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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.
About to purchase a new build apartment in Mountsorrel. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Mountsorrel
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared.
Due to the guidance of my in-laws I had a survey completed on a property in Mountsorrel before retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will not grant a loan on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mountsorrel. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mountsorrel to see if the conveyancing costs will increase in light of this.