I am in the throes of swapping over from my existing standard mortgage to a Buy to Let Godiva Mortgages Ltd mortgage. I was told by my mortgage that I must appoint a conveyancer for this. I got in contact with my former Downe conveyancing practitioner who who did the conveyancing when I first acquired the premises. The quote they've given of £450 plus VAT has surprised me as its a refinance than a sale or purchase.
The costs illustration is slightly on the steep side. If you are willing to spend time contrasting costs you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, providing that you were content with the legal work the firm gave you mightcome to rue choosing an an untested conveyancer. If is important to be sure that the conveyancer can represent Godiva Mortgages Ltd. Do utilise our search tool to find a Downe conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Downe.
I purchased a freehold house in Downe but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Downe and has limited impact for conveyancing in Downe but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am buying a new build flat in Downe. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Downe you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Downe.
I opted to have a survey done on a property in Downe prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Downe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Downe to see if the conveyancing costs will increase in light of this.
I am downsizing from my house. My past solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Downe if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Downe. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
How does one remove a departed person's details from the title register for a house in Downe?
If a Downe property is jointly owned and one of the proprietors passes away, the name will not automatically be removed from the Land Registry title. You are not required to amend the title as in the event of a sale you would just need to supply proof why the joint owner is missing from the contract, typically this is in the form of a grant of probate.
With a view to making the sale conveyancing simpler in the future you may apply to have the deceased name erased from the title by applying to HMLR with evidence of the death. There is no land registry fee payable.