I have just started taking steps with a view to porting my current homeowner loan to a Buy to Let Barclays mortgage. I was told by my mortgage that I need a conveyancer as part of the process. I got in contact with my past Gamlingay conveyancing firm who dealt with the legals when I originally bought the house. The quote e-mailed to me of £450 plus VAT has shocked me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate fees seem a bit high. Where you are willing to spend time scrutinising charges you might get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, if you were happy with the legal work the firm gave you mightlive to rue opting for an an unknown solicitor. Don't forget to check the firm can also act for Barclays . Do utilise our search tool to locate a Gamlingay conveyancing firm on the Barclays approved list of lawyers, which can often include conveyancing solicitors in Gamlingay.
What does my ID and proof of funds have anything to do with my conveyancing in Gamlingay? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Gamlingay. However these days you can not complete any conveyancing deal in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper section and photo card part, one is not sufficient in the absence of the other.
Evidence of the source of funds is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must retain this information on record. Your Gamlingay conveyancing solicitor will require evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask additional questions concerning the origin of monies.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Gamlingay with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Am I right to be suspicious about estate agents that I am dealing with are recommending an online conveyancing firm rather than a local Gamlingay conveyancing firm?
As with many service providers, often recommendations from connections can be very helpful. Yet there are many people with a keen interest in a conveyancing matter; estate agents, financial adviser and lenders may suggest lawyers to select. Sometimes these solicitors might be known to one of the organisations as being good in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You are free to appoint your own conveyancer. You need to be aware that the majority of mortgage providers specify a panel list of conveyancers you have to use for the lender aspect of your home move.
As co-executor for the will of my aunt I am selling a property in Cardiff but reside in Gamlingay. My solicitor (based 260 kilometers awayhas requested that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Gamlingay to witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Gamlingay based
My wife and I purchased a leasehold flat in Gamlingay. Conveyancing and Lloyds TSB Bank mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Gamlingay who previously acted has long since retired. Do I pay?
The first thing you should do is contact the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to instruct a Gamlingay conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a 1st floor flat in Gamlingay, conveyancing formalities finalised in 2010. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Gamlingay with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ceases on 21st October 2085
With 61 years left to run we estimate the premium for your lease extension to be between £18,100 and £20,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.