We see that you have a post code search directory listing law firms on the Principality conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Ravenglass?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ravenglass.
My relative recommended that if I am purchasing in Ravenglass I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Ravenglass conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Ravenglass around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ravenglass Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Ravenglass Education with plans and statistics, Local Amenities and other useful information about Ravenglass.
I am looking for a leasehold apartment up to £235,500 and identified one close by in Ravenglass I like with a park and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Ravenglass for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Am I right to be wary that 3rd parties that I am dealing with are encouraging me to use an internet conveyancing firm rather than a High Street Ravenglass conveyancing company?
As with lots of professional services, often referrals from family and friends can be very helpful. But there are numerous people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and lenders may recommend solicitors to appoint. On occasion the solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a commercial relationship behind the endorsement. You have the discretion to choose your own conveyancer. Don't forget that the majority of mortgage providers operate an approved list of law firms you have to use for the mortgage aspect of your transaction.
In my capacity as executor for the will of my grandfather I am disposing of a residence in Swansea but reside in Ravenglass. My lawyer (approximately 250 miles from mehas requested that I execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing practitioner in Ravenglass to attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Ravenglass
I own a leasehold flat in Ravenglass. Conveyancing was finalised in 2010. I have heard that I should not let the lease length get too short. Why is that a problem?
Ravenglass leasehold properties are for a prescribed term - normally 99 years when they commenced. However a significant appartments in Ravenglass were constructed or converted in the 70’s80’s and so such leases now have fewer than 80 years left to run. This may sound like plenty of time however Banks, Building Societies and other mortgage lenders tend to require leases to have at least seventy five years left to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching eighty years. To enhance the saleability of your property you should be thinking about whether to extend your lease long before you come to sell it. You should note that there are significant benefits to taking action before the lease reaches even eighty years as when the lease falls below 80 years the premium to be paid to extend starts to escalate.