My fiance’s mother is a property lawyer. I anticipate that I'll be able to get mate’s pricing for conveyancing, but if not, what level of fees would I typically be looking at for conveyancing in Ravenglass?
Do compare pricing. Do use our comparison tool on this site. The estimates seem to vary but the service one can expect differ between property lawyers as is true with most professions.
When can the exchange of contracts occur in sale conveyancing in Ravenglass and am I required to attend the conveyancers office?
If you are near to one of the conveyancing solicitors in Ravenglass you are welcome to attend to sign contracts. However, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you electronically. The signing of the property agreement is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ravenglass)to be in the office available at the end of the phone to exchange contracts.
I have been told that property searches are a common cause of stalling in Ravenglass house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Ravenglass.
I completed on my house on 6 June and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Ravenglass expressed confidence that it would be concluded inside ten days. Are titles in Ravenglass uniquely lengthy to register?
As far as conveyancing in Ravenglass is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. At present approximately 80% of submission are fully addressed within two weeks but occasionally there can be extensive hold-ups. Registration is effected once the purchaser is living at the premises so an expedited registration is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Ravenglass I like with amenity areas and railway links nearby, however it's only got 51 years on the lease. There is not much else in Ravenglass in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I own a leasehold flat in Ravenglass. Conveyancing and Lloyds TSB Bank mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Ravenglass who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to instruct a Ravenglass conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a basement flat in Ravenglass, conveyancing having been completed 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Ravenglass with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease terminates on 21st October 2092
With only 66 years left to run we estimate the premium for your lease extension to be between £11,400 and £13,200 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.