I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Ravenglass. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/11/2024, the requirements read as follows :
I am assisting my sister sell her property in Ravenglass. Does the conveyancer commission the energy assessment or do I organise this?
Following the demise of HIPs, energy performance certificates became a mandatory component of selling a house. An energy performance certificate needs to be commissioned before the property is marketed. It is not something that conveyancers ordinarily organise. Where you are instructing a Ravenglass conveyancing solicitor they might be willing to arrange energy performance certificates given their contacts with long established local assessors
My aunt informed me that in purchasing a property in Ravenglass there could be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are a number of properties in Ravenglass which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Ravenglass should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Please help - my lawyer advises that breach of easement insurance is needed on my purchase. What is the level of cover for Ravenglass conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
We are buying a house and the lawyer has referenced Chancel Repair to which the property may be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this really required for conveyancing in Ravenglass
Unless a prior purchase of the house took place post 12 October 2013 you can expect solicitors conducting conveyancing in Ravenglass to continue to suggest a chancel search and or insurance against a claim.
I'm purchasing a new build house in Ravenglass benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about this side-deal as it would adversely affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Ravenglass is where the house is located. Is there any guidance you can impart?
Flying freeholds in Ravenglass are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ravenglass you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ravenglass may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Having had my offer accepted I require leasehold conveyancing in Ravenglass. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Ravenglass - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Ravenglass Leasehold Conveyancing - A selection of Queries Prior to buying
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If a Ravenglass lease has fewer than 80 years it will impact the value of the property. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely require a lease extension at some point and it is worth discovering what this will be. Remember, in most cases you would need to own the property for 24 months before you are entitled to exercise a lease extension. It would be a good idea to investigate if the the lease contains any onerous restrictions in the lease. For instance it is reasonably common in Ravenglass leases that pets are not allowed in certain buildings in Ravenglass. If you love the flatin Ravenglass however your dog can’t make the move with you then you have a very difficult compromise. How many of the leaseholders are in arrears for their maintenance charge payments?