The property market in Ramsey is heating up. What can be done to hasten the legal process?

First, If you are under time constraints for your conveyancing we would recommend that your solicitor is familiar with the area as they will have local contacts and intelligence. It is possible that they could have transacted previousproperties in the same street. Therefore consider using a Ramsey conveyancing firm. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Ramsey conveyancing transactions are frustrated or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s panel. This can often result in the legal process being delayed by almost 21 days. It is estimated that this issue affects approximately 100,000 home sales annually. Almost all Ramsey conveyancing practices can not act for certain mortgage companies so do check as early as possible.

Should our solicitor be raising questions about flooding during the conveyancing in Ramsey.

Flooding is a growing risk for conveyancers conducting conveyancing in Ramsey. There are those who acquire a property in Ramsey, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Solicitors are not best placed to give advice on flood risk, however there are a numerous searches that can be carried out by the buyer or by their lawyers which should give them a better appreciation of the risks in Ramsey. The standard completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to determine whether the premises has suffered from flooding. If the property has been flooded in past which is not revealed by the seller, then a purchaser may commence a claim for damages stemming from an incorrect reply. The buyer’s lawyers may also conduct an environmental search. This will reveal whether there is a recorded flood risk. If so, further inquiries will need to be conducted.

In what way can the Landlord & Tenant Act 1954 impact my business offices in Ramsey and how can you help?

The 1954 Act gives security of tenure to commercial lessees, granting the legal entitlement to apply to court for a new tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Ramsey

My wife and I purchased a leasehold flat in Ramsey. Conveyancing and Barclays mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Ramsey who acted for me is not around. Any advice?

The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to incur the fees of a Ramsey conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Ramsey Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

What prohibitions exist in the Ramsey Lease? Is anyone aware of any major works in the near future that will likely add a premium to the service costs? Is there a share of the freehold?

I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.