I am in the throes of porting my existing standard mortgage to a BTL Lloyds TSB Bank mortgage. I was told by my mortgage that I require a solicitor as part of the process. I spoke to the same Buckfastleigh conveyancing firm who dealt with the legals when I originally purchased the property. The quote issued of £575 plus disbursements is surprising as its a remortgage than a sale or purchase.
The costs illustration is slightly on the high side. Where you are happy to expend time contrasting prices you may be able to reduce the fees marginally by perhaps £125. On the other hand, assuming were happy with the assistance the firm provided you maycome to regret choosing an a cheaper solicitor. If is important to check the conveyancer can represent Lloyds TSB Bank. You can use our search tool to choose a Buckfastleigh conveyancing firm on the Lloyds TSB Bank member panel, which can often include conveyancing solicitors in Buckfastleigh.
My partner and I are selling our house in Buckfastleigh and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers used an internet conveyancing outfit as opposed to a conveyancing solicitor in Buckfastleigh. We have lived in Buckfastleigh for many years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must 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 illness)
I purchased my flat on 14 January and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in Buckfastleigh advises it should be concluded in a couple of weeks. Are properties in Buckfastleigh uniquely lengthy to register?
As far as conveyancing in Buckfastleigh is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry have to notify any other persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration occurs after the new owner has moved in to the premises so an expedited registration is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
I opted to have a survey completed on a property in Buckfastleigh prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some banks may not give a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Buckfastleigh. Conveyancing may be slightly more expensive based on your lender's requirements.
I was recommended by numerous property agents in Buckfastleigh to locate a solicitor on your site. What’s the financial upside for Estate Agents to recommend your lawyers over alternative conveyancing organisations?
We refuse to offer any commission for sending work in our direction. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My step-son is just in the process of moving house, he had his mortgage in principle. After the offer was accepted on house we called the mortgage company to move forward with his. I was disappointed to hear that mortgage lenders do not accept all lawyer, they need to be on their approved list, is this correct?
Mortgage Companies normally restrict either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Buckfastleigh conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.