When it comes to lenders such as Kent Reliance, do Ringwood solicitors incur a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Planning on purchasing a apartment in Ringwood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ringwood lawyer is on the Nottingham conveyancing panel.
I've digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Ringwood solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ringwood postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Ringwood.
I have recentlybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Ringwood for a purchase of a leasehold flat 9 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, 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.
I am looking for a flat up to £305k and found one near me in Ringwood I like with a park and railway links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Ringwood for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years 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 term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Ringwood?
At this site get an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Ringwood. As opposed to estate agents and brokerage sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest commission, as opposed to the best value conveyancing in Ringwood
There are only Seventy years remaining on my lease in Ringwood. I need to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to find the lessor. For most situations a specialist should be helpful to try and locate and prepare an expert document to be used as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court overseeing Ringwood.
I own a 1 bedroom flat in Ringwood, conveyancing formalities finalised February 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Ringwood with over 90 years remaining are worth £265,000. The ground rent is £50 per annum. The lease comes to an end on 21st October 2101
You have 76 years left to run the likely cost is going to range between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
I have just started marketing my garden apartment in Ringwood.Conveyancing has not commenced but I have recently received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as normal as all ground rent and service charges should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially