I am in the throes of transferring my current homeowner home loan to a Buy to Let Bank of Scotland mortgage. I have been informed by my broker that I need a solicitor for this. I had a chat my former Charterhouse conveyancing firm who acted on my behalf when I initially purchased the house. The costs illustration provided of £550 has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate fees seem a little high. If you shop around you may be able to shave off some of the cost by as much as £125. That being said, assuming were happy with the legal work the firm offered you mightlive to rue opting for an an untested conveyancer. Don't forget to enquire the solicitor can represent Bank of Scotland. Do make use of our search tool to get a quote a Charterhouse conveyancing firm on the Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Charterhouse.
My aunt passed away last year and as sole heir and executor I was left the house in Charterhouse. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Given you plan to refinance then TSB will require that you use a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
I am buying a property in Charterhouse. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
Given that your lender is Nationwide your lawyer must follow the formal instructions set out in Section two of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to Nationwide where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Charterhouse.
I have decided to exercise my right to buy my property in Charterhouse off the council. I have a mortgage agreed with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
About to purchase house in Charterhouse. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Charterhouse solicitor is on the Virgin Money conveyancing panel.
I have been told that property searches are the main cause of delay in Charterhouse house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Charterhouse.
Have completed on a a terraced house in Charterhouse , What is the estimated time for the Land Registry to record my title? My Charterhouse conveyancing solicitor has been painfully slow, so I want to check that my name is registered.
As far as conveyancing in Charterhouse registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry have to notify any 3rd persons or bodies. Currently in the region of 80% of such applications are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Registration takes place after the purchaser has moved in to the property thus an expedited registration is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
Online research suggests that Charterhouse solicitors are more expensive than Charterhouse conveyancers in Charterhouse to use when purchasing a house. So is it better if I use a conveyancer or a solicitor where I am buying for my home move in Charterhouse.
When it comes to conveyancing in Charterhouse the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.