Our lawyer has uncovered a a legal deficiency with the lease for the apartment we are buying in Ravenglass. The other side have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender provisions must be adhered to.
We were going to get a OIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Ravenglass solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ravenglass solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
Intending to buy a apartment in Ravenglass. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ravenglass lawyer is on the Virgin Money conveyancing panel.
I had an offer accepted on a house in Ravenglass on 23/4/2025, valuation was booked 4 days after, received a clean bill of health. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Are Kent Reliance entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Just had an offer accepted on a new build apartment in Ravenglass. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Ravenglass
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.
Due to the guidance of my in-laws I had a survey completed on a property in Ravenglass ahead of appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to grant a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ravenglass. Conveyancing will be smoother if you use a solicitor in Ravenglass especially if they are familiar with such properties in Ravenglass.
I was recommended by a few selling agents in Ravenglass to locate a conveyancer on your site. Is there a financial incentive for Estate Agents to market your site rather than alternative conveyancing organisations?
We refuse to offer any referral fee for sending work in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it true that a Ravenglass conveyancing practice has court proceedings brought against them by clients for failing to conduct the appropriate conveyancing searches?
Our attention has not be brought to such a Ravenglass conveyancing matter but it has been reported that, a couple buying a property in Cumbria successfully sued their conveyancing practitioner as a consequence of development permission to construct a wind farm failing to be picked up in conveyancing searches.
If you are purchasing in Ravenglass It is critical that your property lawyer purchase all Ravenglass conveyancing searches necessary to ensure you have relevant and current information before acquiring a home in Ravenglass.