We note that you have a search directory listing solicitors on the Co-operative conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Ravenshead?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ravenshead.
Do the Building Society Association intend to launch a searchable register to to identify practices on the Coventry BS conveyancing panel for example in Ravenshead?
We are not aware of any plans on the part of the BSA to develop such a tool.
I opted to have a survey completed on a house in Ravenshead before instructing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ravenshead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ravenshead to see if the conveyancing will be more expensive.
I'm refinancing my primary property to a BTL mortgage with Bank of Ireland and I will use the rest of the raised equity as a down payment on a second property. The area we are interested in is Ravenshead. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to check that the lawyers are on the appropriate lender panels. Having checked that they are the lawyer should be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and needs.
Can you provide any advice for leasehold conveyancing in Ravenshead with the aim of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Ravenshead can be avoided where you instruct lawyers as soon as your agents start marketing the property and request that they start to put together the leasehold information needed by the buyers’ solicitors. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Obtaining a duplicate share certificate can be a time consuming formality and slows down many a Ravenshead home move. If a new share is needed, do contact the company director and secretary or managing agents (if applicable) for this sooner rather than later. Some Ravenshead leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. If there is a history of any disputes with your freeholder or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is ongoing. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unresolved.
Leasehold Conveyancing in Ravenshead - A selection of Questions you should consider Prior to Purchasing
If a Ravenshead lease has less than eighty years it will impact the marketability of the flat. Check with your lender that they are happy with residual term of the lease. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of what this would cost. For most Ravensheadlease extensions you would be required to have owned the premises for two years before you are entitled to exercise a lease extension. It would be a good idea to investigate if the the lease contains any unreasonable restrictions in the lease. For instance it is fairly common in Ravenshead leases that pets are not permitted in certain buildings in Ravenshead. If you like the flatin Ravenshead however your cat can’t make the move with you then you will be presented with a difficult choice. Many Ravenshead leasehold properties will be liable to pay a service bill for maintenance of the block invoiced on behalf of the freeholder. Where you purchase the apartment you will have to meet this amount, usually quarterly throughout the year. This could differ from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met annual, ordinarily this is not a significant amount, say about £25-£75 but you should to check it because occasionally it can be prohibitively expensive.
I need to find a lender panel solicitor in Ravenshead. Could you help me?
Unfortunately it’s not apparent why you need a Ravenshead panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Ravenshead are on their panel . If you do find such a firm in Ravenshead not listed please direct them to our site to list. After all the cost is only one £1 a month