I have just started taking steps with the aim of porting my current homeowner home loan to a Buy to Let Santander mortgage. I have been informed by my broker that I must appoint a solicitor for this. I had a chat the same Raunds conveyancing solicitor who dealt with the legals when I initially bought the property. The costs estimate sent of just over five hundred pounds is surprising as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad steep. Where you are content to invest time scrutinising quotes you could get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, providing that you were pleased with the assistance the firm offered you maycome to rue choosing an a cheaper solicitor. Don't forget to ensure that the conveyancer can also act for Santander. You can use our search tool to find a Raunds conveyancing firm on the Santander member panel, which can often include conveyancing solicitors in Raunds.
At what point will exchange of contracts occur in sale conveyancing in Raunds and do I need to attend the solicitors office?
Where you are local to one of the conveyancing solicitors in Raunds you are welcome to come in to sign the paperwork. That being said, the firms we recommend supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you electronically. The executing of the property agreement is not when everything is set in stone. A signed contract is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Raunds)to be in the office at the appropriate time.
How does conveyancing in Raunds differ for newly converted properties?
Most buyers of new build or newly converted property in Raunds come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Raunds typically purchase the land, 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 property lawyers 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 Raunds or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Raunds is the location of the property. Can you offer any opinion?
Flying freeholds in Raunds are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Raunds you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Raunds may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I identify a Raunds law firm on the Lloyds TSB Bank conveyancing panel? I am a keen cyclist and am willing to travel upto 25kilometers to meet the lawyer.
You can use the search on this website. Please choose the lender and your location and you will see a number of Raunds conveyancing lawyers based on proximity. We have detailed some Raunds conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Lloyds TSB Bank approved list
Can you offer any advice when it comes to finding a Raunds conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Raunds conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Raunds conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
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What are the charges for lease extension conveyancing?
Raunds Leasehold Conveyancing - A selection of Queries before buying
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What prohibitions exist in the Raunds Lease? Who are the managing agents? How much is the ground rent and service charge?