We're in Ruddington, FTBs purchasing with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Can I be sure that the Ruddington conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Ruddington seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your transaction.
My partner and I have organised the release of further funds on our home loan from Aldermore as we want to carry out alterations to our house in Ruddington. Are we obliged to select a local Ruddington solicitor on the Aldermore conveyancing panel to deal with the paperwork?
Aldermore do not ordinarily require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore conveyancing panel.
I'm spending time looking at apartments in Ruddington and I am now considering a potential offer. Should I already have a property lawyer in place at this stage? I intend to finance via a home loan with Kent Reliance.
It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are taking out a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
Due to the guidance of my in-laws I had a survey completed on a property in Ruddington in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will not grant a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ruddington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ruddington to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Ruddington and I am already nervous. I couldn't find anything specific about Ruddington. Conveyancing will be needed in due course but do you know about the Ruddington area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ruddington. In the meantime here are some basic statistics that we found
We're new to the buying process - had an offer accepted, but the selling agent told us that the vendor will only move forward if we instruct the agent's preferred solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Ruddington
We suspect that the owner is unaware of this request. Should the owner desire ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Try to communicate with the sellers directly and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to instruct your own,trusted Ruddington conveyancing lawyers - not the ones that will give their estate agent a referral fee or meet his conveyancing targets demanded by HQ.
I work for a busy estate agency in Ruddington where we have experienced a few leasehold sales put at risk as a result of short leases. I have received conflicting advice from local Ruddington conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can start the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Ruddington Leasehold Conveyancing - Sample of Questions you should consider before buying
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Are any of leasehold owners in dispute over their service charge liability? Is anyone aware of any major works on the horizon that could increase the service costs? Who takes responsibility for maintaining and repairing the block?