I have just started taking steps with the intention of changing my current homeowner loan to a BTL Bank of Scotland mortgage. I was told by my financial advisor that I must appoint a conveyancer for this. I got in contact with my past Flint conveyancing firm who acted on my behalf when I first bought the premises. The fee calculation issued of £575 plus disbursements is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The estimate does seem a tad steep. If you shop around you might decrease the fees marginally by as much as £125. On the other hand, assuming were pleased with the assistance the firm provided you mightcome to rue opting for an an unknown conveyancer. Don't forget to ensure that the conveyancer can also act for Bank of Scotland. You can utilise our search tool to choose a Flint conveyancing firm on the Bank of Scotland member panel, which can often include conveyancing solicitors in Flint.
What is the first thing I need to know about purchase conveyancing in Flint?
Not many law firms or advisers will tell you this but conveyancing in Flint and elsewhere in Flintshire is often a confrontational process. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the legal transfer of property. For instance, the seller, selling agent and sometimes the mortgage company. Choosing a solicitor for your conveyancing in Flint is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose role it is to act in your legal interests and to protect you.
On occasion a third party with a vested interest will attempt to sway you that you should follow their advice. For instance, the property agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may try to convince you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the conveyancing process.
What is the best way to investigate if the solicitor handling my conveyancing in Flint is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus paying £192.00 in supplemental legal costs.
Feel free to make the most of the search tool on this site. Pick the mortgage company and type ‘Flint’ or your location and you will see a number of lawyer offices in Flint or nearest you.
I need some expedited conveyancing in Flint as I am faced with pressure to sign on the dotted line inside 3 weeks. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to have searches carried out although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Flint the following are instances of what can be revealed and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified during conveyancing in Flint?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Flint. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build house in Flint with a loan from Britannia. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not inform my lawyer about the side-deal as it may put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.