What is the difference between a licensed conveyancer and conveyancing solicitor in Ratcliff

There are many registered licenced Conveyancers in Ratcliff and Solicitor partnerships in Ratcliff who provide Conveyancing services We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. Both can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I currently have a mortgage with TSB for my property in Ratcliff. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?

You must advise TSB in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel solicitor.

After months of negotiation I have agreed a price on a house in Ratcliff. My mortgage broker pressured me to appoint their conveyancer. I paid an upfront payment of £200. Not long after, the property lawyer contacted me sheepishly admitting that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

My friend suggested that where I am buying in Ratcliff I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually quoted for as part of the standard Ratcliff conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Ratcliff around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ratcliff Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Ratcliff Education with plans and statistics, Local Amenities and other useful information regarding Ratcliff.

How does conveyancing in Ratcliff differ for newly converted properties?

Most buyers of new build residence in Ratcliff approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Ratcliff 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 Ratcliff or who has acted in the same development.

I've found a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Ratcliff. Conveyancing advisers have are soon to be instructed. Will they explain the issues?

Most houses in Ratcliff are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Ratcliff so you should seriously consider looking for a Ratcliff conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is part of an estate. Your solicitor will appraise you on the various issues.

I am the proprietor of a two-bedroom flat in Ratcliff. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?

Most certainly. We are happy to put you in touch with a Ratcliff conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Ratcliff flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The remaining number of years on the lease was 101.61 years.

What is the best way to find the right lawyer for my conveyancing in Ratcliff ?

Option 1 is to ask the people you trust who they would recommend. Option 2 is to search the web for conveyancing in Ratcliff. Telephone two or three from the list and request that they send you their conveyancing charges and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to use this site to help you find the right lawyers taking into account your unique requirements including location,speed, complexity and who the proposed mortgage company is.Resist the temptation to appoint £99 conveyancing solicitors in Ratcliff