I have given 8 weeks notice to my existing landlord and have to leave my let out property in Martlesham Heath by 9/9/2025. Conveyancing on my purchase has just started. How realistic is it to complete in six weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice for your lease unless you have exchanged. Assuming that you have not already done so, contact to your solicitor and urge them to they cajole the sellers side, try to a target completion date that all parties will look towards
This question may be naive but I am wet behind the ears as a 1st time purchaser of a garden flat in Martlesham Heath. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Martlesham Heath?
On the day of completion you do not need to attend the conveyancers office in Martlesham Heath. Your solicitors will arrange to send the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be called to collect the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.
My aunt informed me that in purchasing a property in Martlesham Heath there may be various restrictions preventing external alterations to the property. Is this right?
We are aware of anumerous of properties in Martlesham Heath which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Martlesham Heath should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my purchase has taken place for my property in Martlesham Heath. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am looking for a conveyancing solicitor in Martlesham Heath for my house move. Is there any facility to see a firm’s complaints history with the profession’s regulator?
One may search for published Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.
I am tempted by the attractive purchase price for a couple of flats in Martlesham Heath both have in the region of 50 years unexpired on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Martlesham Heath is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the salability of the property. The majority of buyers and mortgage companies, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Martlesham Heath conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I invested in buying a ground floor flat in Martlesham Heath, conveyancing was carried out 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Martlesham Heath with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2096
With 71 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Do online conveyancing companies undertake everything a high street Martlesham Heath solicitor does or must I retain a solicitor for the final stages for my conveyancing in Martlesham Heath?
If you use an online conveyancer they will undertake all the tasks your Martlesham Heath conveyancer will cover.