My financial adviser has asked me for my Ratcliff solicitor’s panel reference for the Lloyds conveyancing panel. What is the best way to find this out. I have e-mailed my local Ratcliff office but they have not got back to me yet.
Have you tried contacting your Ratcliff conveyancer about this?. Most Ratcliff law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
I am hoping to complete my purchase in Ratcliff next Tuesday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the lender expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These requirements are not unique to conveyancing in Ratcliff.
I have recentlyfound out that Arc property Solicitors have closed. They conducted my conveyancing in Ratcliff for a purchase of a leasehold flat 12 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ratcliff conveyancing specialists.
I am looking for a ground for flat up to £245,000 and identified one near me in Ratcliff I like with amenity areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Ratcliff in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Am I best advised to choose a Ratcliff conveyancing practitioner in close proximity to the house I am hoping to buy? An old friend can handle the conveyancing but her office is 200miles drive away.
The primary upside of using a high street Ratcliff conveyancing practice is that you can drop in to sign documents, hand in your identification documents and pester them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that should trump using an unfamiliar Ratcliff conveyancing lawyer just because they are round the corner.