I'm in the process of changing my current homeowner mortgage to a Buy to Let Platform Home Loans Ltd mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I had a chat my previous Chase Side conveyancing solicitor who dealt with the legals when I previously bought the property. The quote they've given of £575 plus disbursements has surprised me as its a refinance than a sale or purchase.
The quote is fractionally on the high side. If you you were to look around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, assuming were happy with the service the firm offered you mightlive to regret choosing an an untested lawyer. Don't forget to ensure that the conveyancer can also act for Platform Home Loans Ltd. You can utilise our search tool to locate a Chase Side conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Chase Side.
We are getting closer to an exchange on a property in Chase Side and my parents have sent the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is duty bound to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
It has been 2 months following my purchase conveyancing in Chase Side concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Chase Side differ for new build properties?
Most buyers of new build premises in Chase Side approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because developers in Chase Side usually acquire 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 property lawyers 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 Chase Side or who has acted in the same development.
My father-in-law has suggested that I appoint his lawyers for conveyancing in Chase Side. Do I take his guidance?
Much as we are happy to recommend a Chase Side conveyancing lawyer it’s preferable to find a conveyancing solicitor is to seek guidance from friends or relatives who have used the conveyancer that you are considering.
What type of premises does your Chase Side conveyancing quotes relate to?
Our conveyancing quotes are only appropriate to standard domestic homes in England & Wales. Where you have any different requirements such as industrial or agricultural property or commercial conveyancing in Chase Side you should contact us to consider your requirements .