My IFA says he needs my Ravensthorpe solicitor’s panel reference for the HSBC conveyancing panel. What is the best way to obtain this. I have e-mailed my local Ravensthorpe branch but they don't know it.
The sensible thing to do is ask for this information from your Ravensthorpe property lawyer . They maintain a central record lender panel numbers.
I have given 8 weeks notice to my current landlord and must vacate my let out property in Ravensthorpe by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in 5 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to serve notice for your lease until exchange of contracts has taken place. If you have not previously done so, update to your lawyer and request that they apply pressure on the other side, try to an agreed time frame that all parties will aim towards
What does my ID and proof of funds have anything to do with my conveyancing in Ravensthorpe? Is this really necessary?
Ravensthorpe conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Evidence of the origin of funds is also necessary in accordance with the money laundering statutes as conveyancers are obliged to check that the monies you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase amount if you are a cash purchaser) has originated from an acceptable source (such as employment savings) as opposed to the fruits of illegitimate activity.
The estate agent has sent us the confirmation of our purchase of a new build flat in Ravensthorpe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ravensthorpe
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I decided to have a survey completed on a house in Ravensthorpe ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ravensthorpe. Conveyancing will be smoother if you use a solicitor in Ravensthorpe especially if they are familiar with such properties in Ravensthorpe.
All being well we will complete the sale of our £175,000 flat in Ravensthorpe in 10 days. The landlords agents has quoted £420 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Ravensthorpe?
Ravensthorpe conveyancing on leasehold maisonettes more often than not requires the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to do so. They are entitled to levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some cases it is above £800. The management information fee invoiced by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, otherwise the invoice is not strictly payable. In reality one has little choice but to pay whatever is requested of you if you want to sell the property.
I own a 2 bed flat in Ravensthorpe, conveyancing formalities finalised 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Ravensthorpe with an extended lease are worth £170,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2103
With 78 years left to run the likely cost is going to span between £7,600 and £8,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.