I am in the throes of switching my current homeowner mortgage to a BTL Accord Mortgages Ltd mortgage. The bank has said that I must appoint a conveyancer for this. I spoke to the same Ditchling conveyancing solicitor who dealt with the legals when I first purchased the house. The costs illustration issued of £450 plus VAT is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The charges appear a tad high. If you shop around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, if you were happy with the service the firm gave you couldlive to regret opting for an an unknown lawyer. Remember to enquire that the firm can also act for Accord Mortgages Ltd. You can use our search tool to choose a Ditchling conveyancing firm on the Accord Mortgages Ltd conveyancing panel, which can often include conveyancing solicitors in Ditchling.
My wife and I are getting closer to an exchange on a property in Ditchling and my parents have transferred the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
The property lawyer is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
How does conveyancing in Ditchling differ for newly converted properties?
Most buyers of new build or newly converted property in Ditchling approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Ditchling typically buy the land, 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 conveyancers 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 Ditchling or who has acted in the same development.
Given that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Ditchling I would like to talk to a lawyer about myhome move in advance of giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer due to be doing your conveyancing in Ditchling.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Ditchling should be the amount on the final invoice that you end up paying.
My partner has suggested that I use his lawyers for conveyancing in Ditchling. Should I choose my own property lawyer?
No doubt the best way to find a conveyancing practitioner is to seek guidance from friends or relatives who have actually experience in using the solicitor that you are contemplating using.
I wish to rent out my leasehold apartment in Ditchling. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Your lease dictates relations between the landlord and you the leaseholder; specifically, it will say if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Ditchling do not contain strict prohibition on subletting – such a provision would adversely affect the market value the flat. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
Ditchling Leasehold Conveyancing - A selection of Queries before buying
How much is the service charge and ground rent on the flat? What is the name of the managing agents? It would be prudent to find out as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to day to day issues such as the tidiness of the common parts. Enquire of other people what they think of them. Finally, find out the dates that you are obliged pay the maintenance charge to the relevant party and specifically what you get for your money.