I have an AIP. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a Portland based conveyancing firm?
Do check but the the probability is that allocate you one of their panel lawyers should you want the "fee-free" offer. Speak to the lender and ask if they make available a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Portland.
When it comes to mortgage companies such as Kent Reliance, do Portland solicitors incur a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
The formalities of my remortgage has taken place for my property in Portland. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Bank of Ireland have agreed my mortgage in principle, my bid on a flat in Portland has been agreed to, now what?
Your property agent will wish to know who your solicitors are (be sure the solicitors are on the lender’s panel). Contact Bank of Ireland or your financial adviser and finish off any appropriate paperwork. Bank of Ireland will sellect a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Portland.
What can a local search inform me about the property I am buying in Portland?
Portland conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Portland conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
4 months have gone by since my purchase conveyancing in Portland completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What does commercial conveyancing in Portland cover?
Portland conveyancing for business premises covers a broad array of guidance, supplied by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I am using a search engine for the phrase conveyancing in Portland it shows results of many conveyancersin the area. With so much choice what is the best way to find the right conveyancing solicitor for purchase transaction?
The best way of seeking the right conveyancer is through a personal referral, so ask friends and those you trust who have purchased a property in Portland or the respected estate agent or mortgage broker. Charges for conveyancing in Portland vary, so it's sensible to secure at least four estimates from varying types of solicitors. Dont forget to clarify what costs in the quote includes.