I'm in the process of changing my existing standard loan to a Buy to Let Bank of Scotland mortgage. I have been informed by my broker that I need a lawyer for this. I spoke to my previous Acocks Green conveyancing firm who dealt with the legals when I initially acquired the property. The quote they've given of £575 plus disbursements has taken me by surprise as its a remortgage than a sale or purchase.
The quote is slightly on the expensive side. If you you were to look around you may be able to shave off some of the expense by perhaps a hundred pounds. That being said, assuming were content with the conveyancing the firm provided you maylive to rue opting for an a cheaper solicitor. If is important to be sure the conveyancer can also act for Bank of Scotland. You can utilise our search tool to locate a Acocks Green conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Acocks Green.
I am considering applying for a Principality mortgage for purchase of a newly converted (under development) in Acocks Green with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
In theory, you could use a solicitor that is not on the Principality conveyancing panel, but Principality 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 conveyancing matter.
Various web forums that I have visited warn that are the primary reason for delay in Acocks Green house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Acocks Green.
How does conveyancing in Acocks Green differ for new build properties?
Most buyers of new build premises in Acocks Green come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Acocks Green usually purchase the site, 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 conveyancing solicitors 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 Acocks Green or who has acted in the same development.
I'm converting the mortgage on my primary home to a BTL loan with Alliance & Leicester and intend to use the remaining equity as a deposit on further house. The neighborhood we are interested in is Acocks Green. Will your conveyancers be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this site to check that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor should be able to connect the two transactions but you should have a chat with you solicitor and make clear your desired outcome and needs.
I have been sourcing a conveyancing solicitor in Acocks Green for my house move. Is there any facility to see a solicitor's complaints history with the legal regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.