I have just started taking steps with a view to porting my domestic loan to a BTL Virgin Money mortgage. The bank has said that I require a lawyer as part of the process. I got in contact with my previous Broadclyst conveyancing firm who acted on my behalf when I first purchased the premises. The quote e-mailed to me of £575 plus disbursements has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate does seem a little steep. If you shop around you may be able to decrease the fees slightly by as much as £125. That being said, providing that you were happy with the legal work the firm offered you maycome to rue choosing an an unknown solicitor. If is important to be sure the firm can also act for Virgin Money. You can utilise our search tool to choose a Broadclyst conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Broadclyst.
Are the Broadclyst conveyancing solicitors identified as being on the Principality conveyancing panel, together with their details provided by Principality?
Broadclyst conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
I am refinancing my apartment in Broadclyst, does my lawyer have to be on the Skipton Solicitor panel?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton 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 transaction.
I am selling my property. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Broadclyst if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Broadclyst. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to appoint a conveyancing solicitor for freehold conveyancing in Broadclyst. I happened to chance upon a site which seems to have the ideal offering If there is a chance to get all formalities done via phone that would be ideal. Do I need to be concerned? 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?
My wife and I purchased a leasehold flat in Broadclyst. Conveyancing and Platform Home Loans Ltd mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Broadclyst who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Broadclyst conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Broadclyst Leasehold Conveyancing - Examples of Questions you should ask before buying
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If a Broadclyst lease has less than 80 years it will affect the value of the apartment. Check with your lender that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of how much this will be. For most Broadclystlease extensions you will be be obliged to have been the owner of the property for two years in order to be legally able to carry out a lease extension. Plenty Broadclyst leasehold properties will have a service charge for maintenance of the building invoiced on behalf of the management company. Where you acquire the property you will have to pay this liability, normally quarterly accross the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent for you to pay yearly, normally this is not a large amount, say about £50-£100 but you should to check as occasionally it could be prohibitively expensive.