Me and my fiance are purchasing a 1 bedroom flat in Blagdon with a mortgage. We have a Blagdon lawyer, but the bank says he's not on their "panel". We have to appoint one of the mortgage company panel solicitors or continue with our Blagdon conveyancer and pay for one of their panel lawyers to represent them. We regard this is unjust; can we not demand that the lender use our Blagdon lawyer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Blagdon conveyancing solicitor to apply to be on the conveyancing panel.
I purchased a freehold house in Blagdon but nevertheless charged rent, why is this and what is this?
It is rare for properties in Blagdon and has limited impact for conveyancing in Blagdon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
A colleague recommended that if I am buying in Blagdon I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Blagdon conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Blagdon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Blagdon Education with maps and statistics, Local Amenities and other useful data concerning Blagdon.
I'm refinancing my primary home to a BTL mortgage with Coventry Building Society and intend to use the remaining equity towards further house. The neighborhood we are talking about is Blagdon. Will your lawyers be able to act for both sets of banks and link together the conveyances?
Do use our search tool on this page to check that the lawyers are approved by both banks. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should talk with you lawyer and make clear your desired outcome and needs.
I need to retain a conveyancing solicitor for remortgage conveyancing in Blagdon. I happened to stumble upon a site which looks to be the perfect solution If there is a chance to get all formalities done via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Developers have recommended to me a lawyer and I've sought an estimate from them. It's nearly £250 cheaper than my preferred Blagdon solicitor. Should I use them?
Builders normally have panels of conveyancing practitioners who expedite matters and who know the builder's contract and property lawyer. As many developers offer an inducement to choose a preferred property lawyer for this reason, any increased cost can be avoided and a builder will not recommend a conveyancing factory and run the risk of having the transaction stall when they demand an exchange within a tight deadline. A counter-argument for not agreeing to use the recommended conveyancing practitioner is that they may prove reluctant to 'push' your interests for fear of alienating the sellers. If you worry that this may be the situation you should remain with your high street Blagdon property lawyer.