Do the conveyancing lawyers that you recommend execute auction conveyancing in Groby and Ratby?
We know of a number of niche solicitors we can connect you with those specialising in auction conveyancing. Groby and Ratby is just one of the many areas of where our lawyers are based.
I am about to put a bid on a leasehold flat in Groby and Ratby. The estate agents tell me that it is normal for flats in Groby and Ratby to have less than 75 years left on the lease. I am getting a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/11/2024 the requirements read as follows :
I used Action Conveyancing several years ago for my conveyancing in Groby and Ratby. Now, I need my documents but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Groby and Ratby 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.
How does conveyancing in Groby and Ratby differ for newly converted properties?
Most buyers of new build or newly converted property in Groby and Ratby come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Groby and Ratby typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Groby and Ratby or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and found one round the corner in Groby and Ratby I like with open areas and railway links nearby, however it's only got 61 years on the lease. I can't really find anything else in Groby and Ratby suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I have been recommended by numerous property agents in Groby and Ratby to find a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers over another?
We refuse to offer any referral fee for sending work in our direction. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.