I am in the throes of transferring my existing standard loan to a Buy to Let Halifax mortgage. I was told by my financial advisor that I require a lawyer as part of the process. I spoke to my previous Liverpool conveyancing firm who acted on my behalf when I previously bought the property. The quote provided of £500 has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad steep. If you you were to look around you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, assuming were content with the service the firm offered you couldlive to regret opting for an a cheaper solicitor. Remember to enquire that the solicitor can also act for Halifax. Do employ our search tool to locate a Liverpool conveyancing firm on the Halifax conveyancing panel, which can often include conveyancing solicitors in Liverpool.
It is a dozen years since I acquired my property in Liverpool. Conveyancing solicitors have now been instructed on the sale but I can't find my title deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be kept by your lender or they may be in the possession of the solicitor who acted in the purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Liverpool involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
My brother-in-law has suggested I instruct a conveyancing solicitor in Liverpool. I I am struggling to find out if they are on the The Royal Bank of Scotland approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should contact your solicitor and enquire if they are on the lender panel. Otherwise you can call The Royal Bank of Scotland who may be able to assist.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Liverpool I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Liverpool in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Given that I am about to spend over three hundred thousand on a two bedroom apartment in Liverpool I wish to talk to a solicitor regarding theconveyancing ahead of appointing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your conveyancing in Liverpool.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Liverpool should be the figure that you end up paying.
When it comes to my conveyancing in Liverpool should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Liverpool conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.