I'm in the process of changing my domestic loan to a Buy to Let Aldermore mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I got in contact with my former Mortlake conveyancing firm who dealt with the legals when I initially purchased the house. The quote they've given of £450 plus VAT has taken me by surprise as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The charges are a little high. If you you were to look around you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, assuming were happy with the assistance the firm gave you maycome to regret choosing an an untested solicitor. Don't forget to check the conveyancer can also act for Aldermore. Do utilise our search tool to select a Mortlake conveyancing firm on the Aldermore approved list of lawyers, which can often include conveyancing solicitors in Mortlake.
is it true that all Mortlake conveyancing solicitors on the Santander conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the SRA. Many lenders do allow licenced conveyancers on their panel and in such a situation the organisation would be governed by the CLC.
I recently had an offer agreed on an apartment in Mortlake. My mortgage broker suggested a lawyer. I paid an advanced payment of £175. Not long after, the conveyancing practitioner called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have instructed a Mortlake property lawyer having made sure that they are on the Leeds Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Mortlake postcode. As you are getting a mortgage with Leeds Building Society, you could contact them to see if they have a list of approved surveyors in Mortlake.
I am looking for a flat up to £245,000 and identified one round the corner in Mortlake I like with amenity areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Mortlake suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My company is planning to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Mortlake for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Mortlake, including the sale and purchase of businesses as well as simply property. If you are looking to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your details or email us so that we can provide you with a fixed commercial conveyancing calculation.
I am four weeks into a leasehold purchase having been referred to a firm by the selling agent to carry out the conveyancing in Mortlake. I am not happy. Could you you assist me in finding new conveyancers?
A lawyer would have to be very bad in order to consider changing them. Has your mortgage offer been generated? If so you will need to inform them of the new conveyancer and get the mortgage documents are re-sent. The solicitor ideally should be on the banks panel to avoid escalating charges and frustration. That should be your starting point. Our search tool can assist you in finding a lender approved lawyer for your conveyancing in Mortlake
I am contemplating instructing a web based solicitor as opposed to a Mortlake conveyancing practice. Should I ‘stay local’?
There are advantages of having the option attend a local Mortlake conveyancing solicitor for example
- signing papers and and when necessary
- having face-to-face explanations of issues that you need help with
- the ability to complain if things are not going as expected
When checking fees, look out for hidden extras. The majority decent Mortlake high street solicitors give an all-inclusive figure. Often online companies appear to offer cheap fees, yet have burried 'extras' in the small print.