Can I use your services to find a Conveyancing solicitor in Ripon even if I’m not purchasing or disposing of a house, for instance where I wish to buy a shop in Ripon with a mortgage from National Westminster Bank?
Our search tool is predominantly used to help choose residential conveyancing solicitors in Ripon but we have set out towards the bottom of this page some Ripon commercial conveyancing firms. You should make contact with the firm directly to check if they can also act for National Westminster Bank
I am looking for a leasehold apartment up to £305k and found one round the corner in Ripon I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Ripon in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
Do I need to be concerned that brokers that I am dealing with are recommending a nationwide conveyancing firm as opposed to a High Street Ripon conveyancing practice?
As with lots of professional services, often referrals from family and friends can be worth their weight in gold. But there are numerous players in a conveyancing transaction; estate agents, financial adviser and lenders may suggest lawyers to instruct. On occasion the conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the discretion to choose your preferred conveyancer. You need to be aware that the majority of banks specify a panel list of lawyers you are obliged to use for the lender aspect of your house move.
I need to instruct a conveyancing practitioner in Ripon for my purchase. Is there any facility to check a firm’s record with the legal regulator?
One can review documented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
I've recently bought a leasehold property in Ripon. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a ground floor flat in Ripon, conveyancing formalities finalised in 2008. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Ripon with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 yearly. The lease terminates on 21st October 2085
With just 60 years unexpired the likely cost is going to span between £20,000 and £23,000 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 in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
I’m about to sell my garden apartment in Ripon.Conveyancing solicitors are to be appointed soon but I have just had a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal as all rents and maintenance payments should be apportionedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process