I have just started taking steps with the intention of swapping over from my current residential mortgage to a BTL National Westminster Bank mortgage. The bank has said that I need a solicitor for this. I got in contact with the same Llanrumney conveyancing solicitor who who completed the conveyancing when I first acquired the premises. The quote provided of just over five hundred pounds has taken me by surprise as its a remortgage than a sale or purchase.
The estimate fees seem a tad high. If you shop around you could reduce the fees slightly by as much as £100 plus VAT. On the other hand, if you were content with the assistance the firm offered you maylive to rue opting for an an unknown lawyer. Remember to enquire the solicitor can also act for National Westminster Bank. You can use our search tool to choose a Llanrumney conveyancing firm on the National Westminster Bank approved list of lawyers, which can often include conveyancing solicitors in Llanrumney.
Can I use your services to recommend a Conveyancing solicitor in Llanrumney even if I’m not purchasing or disposing of a house, for instance where I intend to acquire a shop in Llanrumney with a mortgage from Chelsea Building Society?
Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Llanrumney but we have recorded towards the bottom of this page a selection of Llanrumney commercial conveyancing firms. You will need to speak with the company directly to establish if they can also act for Chelsea Building Society
Me and my brother purchased a terraced Edwardian property in Llanrumney. Conveyancing practitioner represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Llanrumney and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the purchase.
I am purchasing my first flat in Llanrumney with a mortgage from Birmingham Midshires. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my lawyer about the extras as it would impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
I opted to have a survey carried out on a house in Llanrumney in advance of appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders will refuse to grant a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Llanrumney. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Llanrumney to see if the conveyancing will be more expensive.
Is it simple use your search tool to choose a conveyancing lawyer in Llanrumney on the authorised to act for my bank?
1st choose a mortgage company such as Birmingham Midshires, Barnsley Building Society or Nottingham Building Society then choose your preferred area such as Llanrumney. Conveyancing firms in Llanrumney and further afield should be shown.