I have given 2 months notice to my existing landlord and have to vacate my let out flat in Brighouse by the end of next month. Conveyancing on my purchase has just started. Is it possible to complete in 5 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to give notice for your tenancy until exchange of contracts has taken place. If you have not already done so, contact to your solicitor and urge them to they chase the other lawyers, try to get a realistic time scale from them that all parties will look to achieve
Various online forums that I have come across warn that are the main cause of delay in Brighouse conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Brighouse.
I am looking for a leasehold apartment up to £245,000 and identified one near me in Brighouse I like with amenity areas and station nearby, however it only has 49 years on the lease. I can't really find anything else in Brighouse suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.