I'm in the process of porting my current homeowner loan to a Buy to Let Halifax mortgage. I have been informed by my broker that I need a solicitor for this. I got in contact with the same Motspur Park conveyancing practitioner who who conducted the conveyancing when I first purchased the property. The fee calculation e-mailed to me of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The charges seem a tad high. If you are willing to expend time scrutinising charges you could trim some of the cost by as much as £100 plus VAT. On the other hand, providing that you were content with the assistance the firm gave you maylive to regret opting for an an untested lawyer. Remember to check the solicitor can represent Halifax. You can utilise our search tool to select a Motspur Park conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Motspur Park.
My wife and I are approaching an exchange on a flat in Motspur Park and my mum and dad have sent the exchange deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my solicitor needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is obliged to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
A relative advised me that in purchasing a property in Motspur Park there could be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of a number of properties in Motspur Park which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Motspur Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I currently have a mortgage with Kent Reliance for my property in Motspur Park. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance before letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel lawyer.
I was told four weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Motspur Park is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require fast conveyancing in Motspur Park as I am faced with an ultimatum to exchange contracts in less than 4 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to have searches conducted although no lawyer would suggest that you don't. With plenty of history conveyancing in Motspur Park the following are instances of what can arise and therefore affect the marketability of the property: Enforcement Actions, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I used Stirling Law several years ago for my conveyancing in Motspur Park. Now, I need my documents however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Motspur Park of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Motspur Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Motspur Park
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?