I am in the throes of swapping over from my current residential mortgage to a BTL HSBC Bank mortgage. The bank has said that I need a solicitor for this. I had a chat my past Chelsea conveyancing firm who dealt with the legals when I initially purchased the property. The fee calculation provided of £500 has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a little on the high side. If you you were to look around you could reduce the fees marginally by say £100 plus VAT. That being said, if you were pleased with the conveyancing the firm gave you maylive to regret choosing an an unknown lawyer. If is important to ensure the solicitor can act for HSBC Bank. You can use our search tool to select a Chelsea conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Chelsea.
AssumingI were to purchase a simple residential housein Chelsea for cash and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Chelsea?
Any savings you would achieve would be isolated to the Chelsea conveyancing searches. Your conveyancing practitioner still be obliged to do everything else - money laundering, correspond with your vendors property lawyer, SDLT return, register the ownership etc. You might save a bit for them not having to register a charge but it won't be a lot.
We're in Chelsea, FTBs buying with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Chelsea is where the house is located. Is there any advice you can impart?
Flying freeholds in Chelsea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chelsea you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chelsea may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What tools are available to locate a Chelsea law firm on the Barnsley Building Society conveyancing panel? I have wheels and am happy to travel upto 25miles to meet the lawyer.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Chelsea conveyancing lawyers locally. We have listed some Chelsea conveyancing firms towards the end of this page and you can ring them to check if they are on the Barnsley Building Society panel
There are plenty of houses in Chelsea on private lanes. I am buying one such house. Are there any benefits to buying a residence on a private road?
Chelsea conveyancing lawyers are well versed in conveyancing houseson private. Your conveyancing practitioner will investigate title to find any rights or responsibilities. In many cases there is a residents association that residents pay into for the upkeep of the road. If one exists, the road should be maintained and look nicer than publicly maintained.