I'm in the process of changing my existing standard loan to a BTL The Royal Bank of Scotland mortgage. I have been informed by my broker that I must appoint a solicitor as part of the process. I spoke to my past Ringwood conveyancing practitioner who who conducted the conveyancing when I first acquired the premises. The costs illustration provided of £550 has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.

The estimate fees are a tad high. Where you are content to invest time contrasting charges you could trim some of the cost by perhaps £125. That being said, if you were pleased with the conveyancing the firm gave you mightlive to rue opting for an an untested lawyer. If is important to be sure the conveyancer can act for The Royal Bank of Scotland. You can make use of our search tool to choose a Ringwood conveyancing firm on the The Royal Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Ringwood.

Me and my partner are soon to exchange on the purchase of a house in Ringwood but as a consequence of damage from a small fire at the property I have managed to agree recompense from the seller in the sum of three thousand pounds taking the form of a reduction in the price. This was going to be addressed as part of amending the contract yet Co-operative will not permit this. Why were they notified?

The solicitor being on the Co-operative approved list is duty bound to advise Co-operative of any changes to the sale price. If you prohibit your conveyancing practitioner to disclose the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new conveyancer for your conveyancing in Ringwood.

Are there restrictive covenants that are commonly picked up during conveyancing in Ringwood?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ringwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

My wife and I may need to let out our Ringwood basement flat temporarily due to a career opportunity. We used a Ringwood conveyancing firm in 2001 but they have since shut and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?

Your lease dictates relations between the freeholder and you the leaseholder; in particular, it will say if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Ringwood do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.

I bought a 1 bedroom flat in Ringwood, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Ringwood with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease ceases on 21st October 2082

You have 58 years left to run the likely cost is going to range between £21,900 and £25,200 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

What is the reason for my conveyancing practitioner requiring various items of ID before I can proceed with selling or purchasing a property in Ringwood?

Ringwood conveyancing practitioners are duty bound by the Law Society, Solicitors Regulation Authority, the Land Registry and current AML legislation to certify that the have checked the identity of their clients. It is also sometimes a requirement of your bank if you are taking a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and DOB.