Can I use your services to locate a Conveyancing solicitor in Riddlesdown even if I’m not buying or disposing of a house, for example if I intend to buy a shop in Riddlesdown with a loan from Godiva Mortgages Ltd?
Our comparison service is predominantly there to select residential conveyancing solicitors in Riddlesdown but we have recorded towards the end of this page some Riddlesdown commercial conveyancing firms. You will need to enquire with the solicitors directly to establish if they can also act for Godiva Mortgages Ltd
I am selling my house in Riddlesdown. Does my solicitor have to be on the Virgin Money conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Just had an offer accepted on a new build flat in Riddlesdown. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Riddlesdown
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
I decided to have a survey carried out on a property in Riddlesdown in advance of retaining solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks will not issue a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Riddlesdown. Conveyancing may be slightly more expensive based on your lender's requirements.
In searching the world wide web for the phrase cheap conveyancing in Riddlesdown it shows results of numerous conveyancersin the area. How do I determine which is the suitable property lawyer for the sale of my house?
The preferential way of seeking a suitable conveyancer is through a trusted recommendation, so ask colleagues and those you trust who have acquired a property in Riddlesdown or the local estate agent or financial adviser. Charges for conveyancing in Riddlesdown vary, so it's sensible to obtain at least four fee calculations from different law firms. Make sure that you clarify that the fees are fixed.
I own a leasehold flat in Riddlesdown. Conveyancing was completed in 2009. I have been told that I should not let the lease length get too low. Why is that a problem?
Riddlesdown residential long term leases are for a set period - usually ninety nine years when they commenced. However many flats in Riddlesdown were constructed or converted 20 or more years ago and so these leases now have under 80 years unexpired. This may seem like plenty of time but Banks, Building Societies and other mortgage institutions tend to require leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the marketability of your property you should be considering whether or not to extend your lease well in advance of selling the property. Please note that there are advantages to taking action before the lease hits 80 years as when the lease is less than 80 years the premium to be paid to extend starts to get a lot more expensive.