Unfortunately I am unable to travel far from Abbeymeads. Can you please explain the reason why all Abbeymeads lawyers are not on all lender panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or lawyer’s point of view, the flip side is that mortgage companies are increasingly anxious and consider it vital to protect them from mortgage fraud. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
Would the conveyancing solicitors identified via your search tool perform conveyancing in Abbeymeads by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. Do call us to obtain a fee calculation and details as to availability.
I have been told that property searches are the number one reason for hinderance in Abbeymeads house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Abbeymeads.
It has been 4 months following my purchase conveyancing in Abbeymeads concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £305k and found one near me in Abbeymeads I like with amenity areas and transport links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Abbeymeads for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I'm converting the mortgage on my primary house to a BTL mortgage with National Westminster Bank and I will use the rest of the raised equity towards another property. The area we are talking about is Abbeymeads. Will your lawyers be able to act for the two banks and link together the two deals?
Do use our comparison tool on this page to ensure that the conveyancers are approved by both lenders. Assuming that they are your solicitor should be able to connect the two transactions but you should have a chat with you lawyer and make apparent your desired outcome and needs.