My financial adviser has requested my Ravenshead solicitor’s panel member for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have tried my local Ravenshead office but they have not responded to me.
Have you tried calling your Ravenshead lawyer about this?. They keep a central record lender panel numbers.
Is it possible for conveyancing in Ravenshead to be concluded in two weeks?
Where you are under time constraints for your conveyancing we would recommend that your solicitor is familiar with the location as they will have local connections and insight. It is possible that they would have handled otherproperties in the same neighbourhood. Therefore consider using a Ravenshead conveyancing lawyer. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Ravenshead conveyancing transactions are delayed or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the home move being delayed by as much as three weeks. It is understood that this issue impacts in the region of one hundred thousand home moves every year. Almost all Ravenshead conveyancing practices can not represent certain banks so do check at the outset.
I acquired my house on 9 October and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Ravenshead said it would be dealt with in a couple of weeks. Are properties in Ravenshead particularly slow to register?
There is nothing unique when it comes to conveyancing in Ravenshead registration formalities. Rather than based on location, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry communicate with any other parties. As of today roughly 80% of such applications are completed within 12 days but occasionally there can be extensive hold-ups. Historically registration occurs once the new owner is living at the property thus post completion formalities is not typically primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
How does conveyancing in Ravenshead differ for newly converted properties?
Most buyers of new build property in Ravenshead contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Ravenshead tend to buy the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Ravenshead or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Ravenshead before appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks may refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ravenshead. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I purchased a leasehold flat in Ravenshead. Conveyancing and Nottingham Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Ravenshead who acted for me is not around. Do I pay?
First contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Ravenshead conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a leasehold flat in Ravenshead, conveyancing was carried out April 2007. Can you work out an approximate cost of a lease extension? Comparable properties in Ravenshead with a long lease are worth £186,000. The ground rent is £55 per annum. The lease runs out on 21st October 2078
You have 53 years left to run we estimate the premium for your lease extension to span between £27,600 and £31,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.