I had intended to instruct a property lawyer in Ringwood for our home move. Our financial adviser informed us that our mortgage company Britannia won't deal with them. Surely this is unduly restrictive?
Banks ordinarily restrict either the type or the amount of conveyancing firms on their panel. Typical examples of such criteria being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, a few banks have reduced the amount of firms they permit to act for them. You should note that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels since 2008 even though there are differing views regarding the extent of solicitor engagement in some of that fraud. Data from the Land Registry indicate that hundreds of law firms, including some in or near Ringwood only execute a couple conveyances a year.
My wife and I are downsizing from our property in Ringwood and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Ringwood lawyer would know this is not the case. It does beg the question why the purchasers instructed an online conveyancing firm rather than a conveyancing solicitor in Ringwood. Having lived in Ringwood for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
It has been three months since my purchase conveyancing in Ringwood completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Ringwood differ for new build properties?
Most buyers of new build premises in Ringwood contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Ringwood typically buy the site, 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 conveyancing solicitors 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 Ringwood or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Ringwood is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ringwood are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ringwood you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ringwood may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to appoint a conveyancing solicitor for freehold conveyancing in Ringwood. I have stumble upon a site which looks to be the perfect offering If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? 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?