Can the conveyancing solicitors identified via your search tool execute attended exchange conveyancing in Ramsgate?
We do have a number of conveyancing experts carrying out attended exchanges. You should call us to obtain a fee calculation and details as to dates.
A relative advised me that in purchasing a property in Ramsgate there could be a number of restrictions prohibiting external alterations to a property. Is this right?
There are anumerous of properties in Ramsgate which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Ramsgate should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Last month we had a mortgage agreed in principle with Yorkshire BS. Ramsgate conveyancing lawyers have been chosen. How long does it take for Yorkshire BS to issue the offer to the conveyancer?
Some lenders take longer than others. Have Yorkshire BS done the valuation? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am expecting a DIP from Virgin Money this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Virgin Money recommend any Ramsgate solicitors on the Virgin Money conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ramsgate solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
The deeds to my house are lost. The conveyancers who did the conveyancing in Ramsgate 4 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your conveyancer will know precisely where to look for all the appropriate paperwork so you may buy or sell your house without any difficulty. Where copies are not available, your lawyer can arrange cover in the form of insurance or indemnities protecting you against future claims on your premises.
I'm converting the mortgage on my current house to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity as a down payment on a second property. The neighborhood we are looking at is Ramsgate. Will your lawyers be able to act for the two mortgage companies and tie in the two deals?
Do use our search tool on this site to be sure that the conveyancers are approved by both lenders. On the basis that they are your lawyer will be able to connect the two transactions but you should have a chat with you solicitor and communicate your expectations and needs.
Am I better off to choose a Ramsgate conveyancing solicitor who is local to the property I am hoping to buy? An old friend can carry out the legal work however her office is 400kilometers drive away.
The primary upside of using a local Ramsgate conveyancing practice is that you can attend the office to execute paperwork, deliver your identification documents and pester them where appropriate. Having local Ramsgate know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were happy that must trump using an unknown Ramsgate conveyancing lawyer solely due to them being local.
I am looking at a couple of maisonettes in Ramsgate both have in the region of fifty years unexpired on the leases. should I be concerned?
There is no doubt about it. A leasehold flat in Ramsgate is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the value of the premises. For most purchasers and mortgage companies, leases with less than eighty years become less and less marketable. 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 premises 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 premises 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 Ramsgate 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. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new 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.
Ramsgate Leasehold Conveyancing - A selection of Queries before buying
What is the the remaining lease term? The prefered form of lease arrangement is a share of the freehold. In this situation the lessees enjoy control and although a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. Who manages the building?