I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Gloucester by . Conveyancing for my house purchase is underway. Can I complete in six weeks as don't want to have to find temporary accommodation?
The normal practice is not to provide notice for your tenancy unless your lawyer suggests that you should. Assuming that you have not previously done so, update to your conveyancer and request that they cajole the other side, try to a target completion date that everyone will look to achieve
It has been 2 months following my purchase conveyancing in Gloucester completed. I have checked the Land Registry site 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 asset 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 leasehold apartment up to £195,000 and identified one round the corner in Gloucester I like with open areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Gloucester suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the shortness of the lease may be an issue. Discount the price by the expected 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 ask them to commence the lease extension formalities 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.
Are there any apps to help search for a Gloucester solicitor on the conveyancing panel? I am a keen cyclist and am willing to travel upto 25miles to meet the conveyancer.
You can use the facility on this page. Please pick a lender and your location and you will see a number of Gloucester conveyancing lawyers located nearest you. We have listed some Gloucester conveyancing firms at the bottom of this page and you can contact them to see whether they are on the approved list
Why do Gloucester conveyancing costs differ for leasehold and freehold properties?
Inevitably there is more work needed in leasehold conveyancing. Gloucester has many leasehold properties. There is more time involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.