Will conveyancers ask for an advanced payment for my conveyancing in Acton?
If you are buying a property in Acton your lawyer will ask you to provide them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the conveyancing searches. When the down payment is as part of the sale price then this will be needed immediately ahead of exchange of contracts. Any further balance that is due will be payable a few days prior to the day of completion.
I am considering refinancing my flat in Acton, does my lawyer need to be on the Leeds Building Society Solicitor panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Does a directory service exist listing Yorkshire BS panel solicitors in Acton on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings viewable on the web. Where you are looking for a Acton conveyancing practitioner on the Yorkshire BS please use our facility.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Acton solicitor on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I currently have a mortgage with UBS for my property in Acton. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
Your original mortgage agreement with UBS will provide that you need their approval prior to letting out your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. You need not do this via a UBS conveyancing panel solicitor.
I have justdiscovered that Stirling Law have been shut down. They carried out my conveyancing in Acton for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Acton conveyancing specialists.
I am looking for a flat up to £195,000 and identified one round the corner in Acton I like with a park and transport links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Acton for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Is there anything unique about your site and alternative internet conveyancing brokers for conveyancing in Acton?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Acton. As opposed to estate agents and brokerage sites we do not operate kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors paying the most commission, rather than the best value conveyancing in Acton