Just been in touch with my conveyancing solicitor in Ripley who acted for me 18 months ago and wanted a conveyancing quote based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a mortgage from Britannia. It looks as though am now being charged double. Am I right to be tempted to shop around for an alternative property lawyer?
The quote is slightly on the expensive side. If you you were to look around you could shave off some of the cost by say £100 plus VAT. On the other hand, if you were content with the conveyancing the firm gave you maycome to rue choosing an an untested conveyancer. If is important to be sure the conveyancer can also act for Britannia. Do use our search tool to choose a Ripley conveyancing firm on the Britannia conveyancing panel, which can often include conveyancing solicitors in Ripley.
I have given 2 months notice to my current landlord and must vacate my rented property in Ripley by 26/2/2026. Conveyancing on my purchase is underway. Can I complete in 5 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to serve notice for your tenancy unless your lawyer suggests that you should. Assuming that you have not already done so, notify to your solicitor and request that they seek the assistance the owners solicitors, try to an agreed time frame that all parties will aim to achieve
Why do I have to pay up front when it comes to conveyancing in Ripley?
If you are buying a property in Ripley your solicitor will ask you put them with monies to cover the search fees. Ordinarily this is called for to cover the fees of the Local Authority Search. When the down payment is payable against the total price then this will be required immediately ahead of contracts are exchanged. The final balance that is due should be sent to your lawyer a few days ahead of the completion date.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather use a specialised conveyancing solicitor in Ripley?
Do check but the the probability is that appoint one of their panel solicitors should you accept the "fee-free" offer. Contact the lender to determine if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Ripley.
I own a leasehold flat in Ripley. Conveyancing was finalised in 21012. I have heard that I mustn’t allow the the remaining lease term to fall too low. Is this right?
Ripley leasehold properties are for a set term - often just under one hundred years when they commenced. However many appartments in Ripley were built or converted in the 70’s80’s and so such leases now have under eighty years left to run. This may seem like a long time but Banks, Building Societies and other mortgage lenders on the whole require leases to have a minimum of seventy five years left to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are nearing seventy five years. To increase your property value you should be considering whether to extend your lease long before you come to sell it. There are also advantages to taking action before the lease reaches even eighty years as when the lease falls below 80 years the premium to be paid to extend starts to increase.