We see that you have a search directory identifying firms on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Ravenglass?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ravenglass.
A colleague advised me 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?
This is a search is sometimes included in the estimate for your Ravenglass conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Ravenglass around the property and the people living there. It includes 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 details, Ravenglass Education with maps and statistics, Local Amenities and other useful data regarding Ravenglass.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Ravenglass I like with amenity areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Ravenglass in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Should I be wary about estate agents that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Ravenglass conveyancing firm?
As with many service providers, often input from connections can be worth their weight in gold. Nevertheless there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks might all put forward conveyancers to select. On occasion these conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You have the discretion to appoint your preferred lawyer. You need to be aware that some banks specify a panel list of solicitors you are obliged to use for the lender related work in your house move.
As co-executor for the will of my aunt I am selling a property in Swansea but I am based in Ravenglass. My conveyancer (based 200 miles awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Ravenglass to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Ravenglass based
We own a leasehold flat in Ravenglass. Conveyancing was finished in five years ago. I have heard that I should not let the lease length get too short. Is this right?
Ravenglass domestic long term leases are for a fixed period - usually just under one hundred years when they started. However many flats in Ravenglass were constructed or converted 30 or more years ago and so such leases now have less than 80 years unexpired. This may seem like a long time but Banks, Building Societies and other mortgage lenders tend to need leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are getting close to seventy five years. To increase your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. You should note that there are strong financial reasons to doing so before the lease hits 80 years as when the lease falls below 80 years the premium to be paid to extend starts to increase.