I am in the throes of porting my current homeowner mortgage to a Buy to Let Barclays Direct mortgage. The bank has said that I need a lawyer for this. I got in contact with the same Ravenglass conveyancing firm who dealt with the legals when I initially acquired the premises. The fee estimate sent of £450 plus VAT has taken me by surprise as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The costs illustration is fractionally on the high side. If you you were to look around you could get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, providing that you were content with the legal work the firm offered you couldlive to regret choosing an an unknown solicitor. If is important to ensure that the solicitor can also act for Barclays Direct. You can utilise our search tool to get a quote a Ravenglass conveyancing firm on the Barclays Direct approved list of lawyers, which can often include conveyancing solicitors in Ravenglass.
Are you able to recommend a Alliance & Leicester sanctioned Ravenglass conveyancing conveyancer who can have us moved in within two weeks? Am I best advised to go for a local Ravenglass conveyancer or a nationwide firm?
We can recommend some very good Ravenglass conveyancing firms. You can also walk up the high street in Ravenglass. Visit some well established law practices and ask to speak with a conveyancing solicitor for a fee estimate. Explain your requirements together with the reasons and get a commitment on speed. Select the lawyer that genuine.
Finally the sale completed on my house in Ravenglass last December yet the purchaser is whats apping every few hours to say his conveyancer needs to hear from mylawyer. What should my lawyer have done now that I have sold?
Following your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also confirm that the home loan has been repaid to the purchasers solicitors. There are no post completion formalities peculiar conveyancing in Ravenglass.
A colleague recommended that if I am buying in Ravenglass I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Ravenglass conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Ravenglass around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Ravenglass.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Ravenglass I like with a park and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Ravenglass for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I only have Fifty years left on my flat in Ravenglass. I am keen to extend my lease but my freeholder is missing. What are my options?
On the basis that 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 lengthened by the Court. However, you will be required to demonstrate that you have done all that could be expected to find the freeholder. In some cases an enquiry agent may be helpful to try and locate and prepare an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Ravenglass.
I own a studio flat in Ravenglass, conveyancing having been completed in 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Ravenglass with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease expires on 21st October 2084
With 59 years left to run we estimate the premium for your lease extension to be between £20,900 and £24,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.