Do the conveyancing solicitors to be found on your site execute auction conveyancing in Ivybridge?
We know of a number of niche solicitors we can put you in touch with those specialising in auction conveyancing. Ivybridge is one of hundreds of locations where our lawyers have offices.
My home in Ivybridge is up for sale and I have accepted an offer. Will my property lawyer have to be on the Kent Reliance conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance 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 specifications fairly frequently at the moment.
Forgive me if this question is silly but I am unseasoned as FTB of a ground floor flat in Ivybridge. Do I collect the keys to the premises on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Ivybridge?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
We had instructed solicitors locally in Ivybridge on the Virgin Money solicitor panel. They have just billed me a further sum for handling the Virgin Money mortgage. Is this a supplemental conveyancing fee set by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your lawyer can levy a fee for this. The charge is not set by Virgin Money but by your Ivybridge property lawyer. Numerous firms on the Virgin Money panel will quote an ‘acting for lender’ fee and others do not.
I was told three weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Ivybridge is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying a house and the conveyancer has referenced Chancel Repair to which the house may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this really appropriate for conveyancing in Ivybridge
Unless a previous acquisition of the premises completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in Ivybridge to remain encouraging a chancel search and or insurance against a claim.
I opted to have a survey carried out on a property in Ivybridge before appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will not grant a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ivybridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ivybridge to see if the conveyancing will be more expensive.
I only have Sixty One years left on my flat in Ivybridge. I now want to get lease extension but my freeholder is absent. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you have used your best endeavours to find the lessor. On the whole a specialist should be useful to try and locate and prepare an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the vesting order request to the County Court covering Ivybridge.
I bought a leasehold flat in Ivybridge, conveyancing was carried out August 2007. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Ivybridge with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2079
With 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.