I have given 8 weeks notice to my current landlord and have to vacate my let out property in Lisson Grove by 21/1/2026. Conveyancing for my house purchase is progressing. How realistic is it to complete in 5 weeks as don't want to have to find short term accommodation?
Generally one should not provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, speak to your lawyer and urge them to they apply pressure on the sellers solicitors, try to get a realistic time scale from them that everyone will work towards
The Lisson Grove conveyancing firm that I recently instructed on my house acquisition in Lisson Grove have suddenly closed. They were on acting for me because I had to have a solicitor on the Kent Reliance conveyancing panel and my family Lisson Grove lawyer was not. I sent them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance 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 solicitors should be in a position to help.
How does conveyancing in Lisson Grove differ for newly converted properties?
Most buyers of new build property in Lisson Grove come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Lisson Grove tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lisson Grove or who has acted in the same development.
In sourcing the internet for the term conveyancing in Lisson Grove it reveals numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable solicitor for the sale of my house?
The ideal method of seeking the right conveyancer is through a trusted testimonial, so seek the guidance of friends and relatives who have purchased a property in Lisson Grove or a reputable estate agent or mortgage broker. Fees for conveyancing in Lisson Grove vary, so it's advisable to request at least four quotes from varying types of property lawyers. Be sure to secure confirmation what costs in the quote includes.
We own a leasehold flat in Lisson Grove. Conveyancing was finalised in 2009. I have heard that I mustn’t allow the the remaining lease term to get too low. What is the reasoning?
Lisson Grove leasehold properties are for a fixed period - normally just under one hundred years when they started. However a significant appartments in Lisson Grove were built or converted 30 or more years ago and so such leases now have under eighty years unexpired. That may seem like a long time however Banks, Building Societies and other mortgage institutions tend to require leases to have at least seventy five years left to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to seventy five years. To enhance the saleability of your property you should be considering whether or not to extend your lease long before you come to sell it. There are also strong financial reasons to doing so before the lease reaches even eighty years as when the lease falls below 80 years the premium you have to pay to extend starts to increase.