The loan agreement from NatWest for the remortgage of my 2 room apartment is due within the next few days. Are you able to recommend a cheap conveyancing solicitor in Ravenglass?
You have come to the wrong place to search for a cheap conveyancing in Ravenglass. Our aim is to provide excellent value conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint organisations offering the bait of £100 conveyancing in Ravenglass. In your best case scenario, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not end up with the service required.
We are about to exchange contracts for a property in Ravenglass. We have hit a snag. Our mortgage offer with Santander runs out on 18/3/2026 but the vendors are putting forward a completion date of 20/3/2026. Can one prolong the loan expiry date?
The person best placed to deal with your question is your solicitors who should calculate whether he or she is better off negotiating with the lender, vendor’s representatives, property agents or indeed all parties taking into account the circumstances your conveyancing to date.
My conveyancer has informed me that flying freehold insurance is required on my purchase. What is the level of cover for Ravenglass conveyancing?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I am buying a property in Ravenglass. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Bank of Ireland be concerned?
Given that you are obtaining a mortgage with Bank of Ireland your lawyer must follow the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Bank of Ireland where a lease does not comply with these specifications. The conditions relate to the installation of panels on properties nationwide and is not restricted to Ravenglass.
I have decided to exercise my right to buy my property in Ravenglass off the council. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
A friend suggested that if I am purchasing in Ravenglass I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Ravenglass conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Ravenglass around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ravenglass Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Ravenglass.
I am looking for a leasehold apartment up to £235,500 and found one close by in Ravenglass I like with a park and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Ravenglass suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I have miscalculated my finances and am a couple of thousand pounds short a 10% deposit on my house purchase in Ravenglass , but I am anxious proceed. What can I do?
One option is to try and accept a smaller deposit. Most sellers will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment