I have given 8 weeks notice to my existing landlord and must be out of my rented flat in Somersham by the end of next month. Conveyancing for my house purchase has just started. Is it possible to complete in a couple of weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice on a rental unless you have exchanged. If you have not already done so, contact to your solicitor and ask them to they cajole the owners side, try to get a realistic time scale from them that everyone will aim towards
If you had a top tip for selecting a conveyancing solicitor in Somersham what would it be?
We would encourage you not to base your choice on the lowest Somersham conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Can I be sure that the Somersham conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Somersham obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your conveyancing.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Somersham bank branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Somersham conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must follow the CML Handbook section two conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
What can a local search inform me concerning the house my wife and I buying in Somersham?
Somersham conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example PSG The local search plays a central role in most Somersham conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications applicable 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 areas.
I am looking for a ground for flat up to £235,500 and identified one near me in Somersham I like with a park and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Somersham suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
We are 3 weeks into a freehold purchase having been referred to a firm by the local agent to perform conveyancing in Somersham. I am am very dissatisfied with the level of service. Could you help me find new solicitors?
They would need to be very bad to suggest changing them. Has your mortgage offer been sent? In the event that it has you must inform them of the new contact details and have the offer are re-sent. Your new solicitor ideally should be on the banks approved list to avoid added costs and delays. So that should be your first question of the new conveyancers. The find a solicitor tool can help you find a lender approved lawyer for your conveyancing in Somersham