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Recently asked questions about conveyancing in Ramsey

I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Ramsey. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/10/2020, the requirements read as follows :

Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who dealt with the conveyancing in Ramsey 4 years ago have long since closed. What do I do?

Assuming the title is registered the details of your ownership will be retained by HMLR with a Title Number. It is possible to execute a search at the Land Registry, find your property and get up to date copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.

How does conveyancing in Ramsey differ for new build properties?

Most buyers of new build residence in Ramsey come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Ramsey tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ramsey or who has acted in the same development.

I have just appointed agents to market my ground floor apartment in Ramsey. Conveyancing lawyers have not yet been instructed, but I have just had a yearly maintenance charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should discharge the service charge as usual because all rents and service charges will be apportioned on 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 unless 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.

I inherited a 2 bed flat in Ramsey, conveyancing was carried out in 2009. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Ramsey with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2072

With 52 years left to run we estimate the premium for your lease extension to span between £29,500 and £34,000 plus professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.

I am an executor of my recently deceased parent's Will, with a bungalow in Ramsey which is to be marketed. The property has never been registered at HMLR and I'm advised that many estate agents will insist that it is done before they'll proceed. What's the mechanism for this?

In the circumstances you refer to it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.

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