I have just been advised by my estate agent that my Rye lawyer is not on the mortgage company Solicitor panel. How can I be certain whether this is indeed the case?
You need to call your Rye conveyancer. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We note that you have a post code search directory listing solicitors on the Barclays conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Rye?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rye.
I used Wolstenholmes several years ago for my conveyancing in Rye. I now require my papers however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rye of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a property in Rye in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks will not give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rye. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rye to see if the conveyancing will be more expensive.
What does commercial conveyancing in Rye cover?
Commercial conveyancing in Rye covers a wide array of guidance, given by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am looking at a two maisonettes in Rye which have approximately 50 years left on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.
Rye Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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You should be aware if it is fewer than eighty years it will affect the value of the apartment. Check with your bank that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and it is worth finding out how much this will be. Remember, in most cases you would be required to have been the owner of the residence for a couple of years in order to be legally able to exercise a lease extension. Are there any major works anticipated that could add a premium to the maintenance charges? Does this lease have in excess of 85 years left?