We selected a Ringwood based lawyer for my conveyancing in Ringwood last week. After carefully reading the Ts and Cs it is apparent thatwe are liable for costs even where the conveyance does not complete. Should I ditch them and instruct an on-line conveyancing company advertising no-sale-no-fee conveyancing in Ringwood?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will generally be uplifted to offset the conveyances that fail to complete. Do bear in mind that these offerings tend not to protect you from expenditure such as Ringwood conveyancing search expenses.
I do hope you can help me. My Ringwood solicitor is informing me me that he is legally obliged toconduct Ringwood conveyancing searches stemming from the fact thatthe firm are on the Santandersolicitor panel. Is my solicitor correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Ringwood conveyancing searches.
We are downsizing from our house in Ringwood and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Ringwood conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing firm as opposed to a conveyancing solicitor in Ringwood. Having lived in Ringwood for three years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to enquire of 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 ailment)
I have todaybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Ringwood for a purchase of a leasehold apartment 9 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ringwood conveyancing specialists.
How does conveyancing in Ringwood differ for new build properties?
Most buyers of new build or newly converted property in Ringwood contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Ringwood tend to buy 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 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 accustomed to new build conveyancing in Ringwood or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Ringwood I like with amenity areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Ringwood in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.