I have just started taking steps with a view to switching my current residential mortgage to a BTL Santander mortgage. I have been informed by my broker that I require a lawyer as part of the process. I got in contact with my previous Gidea Park conveyancing solicitor who dealt with the legals when I first acquired the property. The quote they've given of £470 has shocked me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The quote is slightly on the steep side. If you are willing to invest time comparing charges you could reduce the fees slightly by as much as £125. On the other hand, if you were pleased with the legal work the firm offered you maylive to regret choosing an an unknown solicitor. Remember to be sure the solicitor can also act for Santander. You can make use of our search tool to get a quote a Gidea Park conveyancing firm on the Santander conveyancing panel, which can often include conveyancing solicitors in Gidea Park.
My conveyancer has identified a defect with the lease for the flat we are purchasing in Gidea Park. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender conditions must be adhered to.
Our bank has recommended solicitors on their panel based in Gidea Park but I would rather use a conveyancing lawyer in Gidea Park round the corner to me. Can you help?
It is by no means the case that all Gidea Park conveyancing solicitors are listed all lender’s conveyancing panel. Please make the most of our search tool to choose a Gidea Park conveyancing firm on the on the bank panel.
I have been told that property searches are the main cause of obstruction in Gidea Park house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Gidea Park.
I decided to have a survey completed on a house in Gidea Park prior to retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend not give a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gidea Park. Conveyancing may be slightly more expensive based on your lender's requirements.
Are there any apps to help identify a Gidea Park law firm on the Accord Mortgages Ltd conveyancing panel? I am a keen cyclist and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the facility on this website. Please select a mortgage company and your location and you will see a number of Gidea Park conveyancing lawyers located nearest you. We have listed some Gidea Park conveyancing firms towards the end of this page and you can ring them to see if they are on the Accord Mortgages Ltd member panel