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Ready to buy a new home in Ruddington? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Ruddington conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Ruddington

Should our conveyancer be raising enquiries about flooding during the conveyancing in Ruddington.

Flooding is a growing risk for conveyancers carrying out conveyancing in Ruddington. There are those who buy a property in Ruddington, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Lawyers are not qualified to give advice on flood risk, however there are a numerous searches that may be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Ruddington. The standard information supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out whether the premises has historically flooded. In the event that flooding has previously occurred which is not disclosed by the owner, then a buyer may bring a legal claim for losses stemming from an incorrect response. The purchaser’s solicitors will also order an environmental search. This should reveal whether there is any known flood risk. If so, additional investigations will need to be conducted.

I used Action Conveyancing several years ago for my conveyancing in Ruddington. I now require my papers but cannot find the solicitor. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ruddington of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I opted to have a survey completed on a house in Ruddington before instructing lawyers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to give a loan on a flying freehold home.

It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ruddington. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to find a conveyancing solicitor for leasehold conveyancing in Ruddington. I have land on a site which looks to be the perfect offering If it is possible to get all the legals 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?

I am looking at a two maisonettes in Ruddington both have approximately forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Ruddington. The lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease decreases and it becomes more expensive to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.

Ruddington Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying

    Its a good idea to find out as much as possible concerning the company managing the building as they can either make living at the property much easier or much more difficult. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to practical issues such as the upkeep of the common parts. Ask prospective neighbours if they are happy with them. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes. The prefered form of lease arrangement is where the freehold title is in the ownership of the leaseholders. In this scenario the tenants enjoy control and notwithstanding that a managing agent is often employed where the building is larger than a house conversion, the managing agent is directed by the tenants. Who are the managing agents?

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Find out more about how flying freehold can affect your the value of a property.