I just acquired a property at auction in Ravenshead. Conveyancing is needed. What happens now?
Now that you have exchanged you must appoint a conveyancing practitioner quickly as you now have a fast approaching a drop dead date to complete the purchase. Every auction property will ordinarily have a corresponding legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
I am expecting a OIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Ravenshead solicitors on the Virgin Money conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ravenshead solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I have paid off my mortgage with RBS. I assume I don't need a Ravenshead conveyancer on the RBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
Are there restrictive covenants that are commonly identified as part of conveyancing in Ravenshead?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ravenshead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Ravenshead I like with a park and station nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Ravenshead suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I need to find a conveyancing solicitor for some conveyancing in Ravenshead. I have discover a web site which appears to be the ideal offering If there is a chance to get all this stuff completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
After what seems like an age a mortgage agreement from a bank for the refinancing of my 2 bedroom flat is expected by the end of next week. Could you recommend a low cost remortgage conveyancing solicitor in Ravenshead ?
You have come to the wrong place to search for a cheap conveyancing solicitors in Ravenshead. Our aim is to provide cost effective conveyancing but we do not work with the cheapest lawyers. Do not be fooled by companies offering low cost conveyancing in Ravenshead.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for additional fee and still not receive the service expected.