Is there a reason why leasehold purchase conveyancing in Ramsey is more expensive?
In summary, leasehold conveyancing in Ramsey and elsewhere usually necessitates additional work compared to freehold transactions. This includes lease investigation, liaising with the landlord about the service of required notices, procuring current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
How does conveyancing in Ramsey differ for newly converted properties?
Most buyers of new build premises in Ramsey contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Ramsey typically purchase 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 conveyancers 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 Ramsey or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Ramsey before appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to give a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ramsey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ramsey to see if the conveyancing costs will increase in light of this.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Ramsey and how can your lawyers assist?
The particular law that you refer to affords security of tenure to commercial tenants, giving them the a statutory right to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Ramsey is one of the hundreds of areas of the UK in which our lawyers have offices
I have been sourcing a conveyancing practitioner in Ramsey for my home move. Is it possible to check a firm’s record with the profession’s regulator?
You can find documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may recorded call for training requirements.
Much to my surprise my conveyancer in Ramsey is asking me for proof of ID documents asserting that this is part of his legal duty as a solicitor on the mortgage company Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Ramsey