We are purchasing a house and require a conveyancing solicitor in Raunds who is on the Nottingham solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Raunds.
Should our lawyer be making enquiries concerning flooding as part of the conveyancing in Raunds.
The risk of flooding is if increasing concern for lawyers dealing with homes in Raunds. Plenty of people will buy a property in Raunds, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a number of checks that may be carried out by the buyer or by their conveyancers which should give them a better appreciation of the risks in Raunds. The standard information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to discover whether the property has ever been flooded. If flooding has previously occurred and is not revealed by the seller, then a buyer could bring a compensation claim as a result of such an incorrect response. The buyer’s lawyers will also carry out an environmental report. This should higlight if there is any known flood risk. If so, more detailed inquiries will need to be initiated.
How does conveyancing in Raunds differ for new build properties?
Most buyers of new build property in Raunds come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Raunds tend to acquire 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 used to new build conveyancing in Raunds or who has acted in the same development.
My step-father has recommend that I appoint his conveyancers in Raunds. Do I take his guidance?
Much as we are happy to recommend a Raunds conveyancing lawyer the ideal way to choose a conveyancing solicitor is to get referrals from friends or family who have actually used the conveyancer you're contemplating using.
Back In 2000, I bought a leasehold flat in Raunds. Conveyancing and Skipton Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Raunds who previously acted has now retired. What should I do?
First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Raunds conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a studio flat in Raunds, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Raunds with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 per annum. The lease ends on 21st October 2076
With just 51 years left to run we estimate the premium for your lease extension to range between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
My wife and I have selected a Raunds conveyancing solicitor for our house purchase (FTB’s) and have noticed in the engagement letter that they are not governed by the Financial Conduct Authority. Should I be concerned or is that usually the case with solicitor?
We can't see why they should be. Most lawyer don't lend money. They will be governed by the SRA, who have stringent conditions in place on funds held by them.