I have given 8 weeks notice to my existing landlord and must leave my let out flat in Pentre by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as don't want to have to find temporary accommodation?
The normal practice is not to provide notice for your tenancy unless you have exchanged. If you have not previously done so, speak to your lawyer and ask them to they seek the assistance the owners solicitors, try to an agreed time frame that all parties will aim to achieve
What will a local search tell me about the house we're buying in Pentre?
Pentre conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as Searches UK The local search is essential in every Pentre conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I decided to have a survey carried out on a house in Pentre before instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will refuse to give a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Pentre. Conveyancing will be smoother if you use a solicitor in Pentre especially if they regularly deal with such properties in Pentre.
Am I best advised to go with a Pentre conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can perform the legal work however her office is over three hundred kilometers drive away.
The benefit of a local Pentre conveyancing practice is that you can attend the office to sign paperwork, deliver your ID and pester them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were impressed that should outweigh using an unknown Pentre conveyancing solicitor solely due to them being based in the area.
I inherited a split level flat in Pentre, conveyancing formalities finalised 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Pentre with over 90 years remaining are worth £165,000. The ground rent is £45 charged once a year. The lease ends on 21st October 50
With just 50 years remaining on your lease we estimate the premium for your lease extension to range between £36,100 and £41,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.