Much to our surprise we have been told by our IFA that my Ripley solicitor is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to contact your Ripley conveyancer. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may be able to suggest a Ripley conveyancing firm that is on the conveyancing panel for your lender.
Is there a search tool that I can use to investigate if the solicitor handling my conveyancing in Ripley is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus paying £175.00 in further conveyancing fees.
You should take advantage of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type ‘Ripley’ or your location and you will be presented with numerous solicitors based in Ripley or by proximity to you.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ripley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ripley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Ripley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ripley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ripley you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ripley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Should I be suspicious by estate agents that I am dealing with are encouraging me to use a factory type conveyancing firm rather than a High Street Ripley conveyancing company?
As with lots of service providers, often input from family and friends can be most helpful. But there are many people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and banks may suggest solicitors to select. Sometimes these solicitors might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the right to choose your preferred lawyer. You need to be aware that many mortgage providers operate an approved list of solicitors you are obliged to use for the lender related work in your house move.
I am tempted by the attractive purchase price for a couple of maisonettes in Ripley which have about forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the value of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this arena.
Ripley Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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How many years are left on the lease? Does the lease have onerous restrictions? Are any of leasehold owners in arrears of their service charge liability?