I am in the throes of swapping over from my existing standard loan to a Buy to Let Godiva Mortgages Ltd mortgage. I was told by my mortgage that I need a lawyer as part of the process. I got in contact with my previous Prestbury conveyancing firm who dealt with the legals when I initially purchased the house. The quote e-mailed to me of £575 plus disbursements has shocked me as its a remortgage than a sale or purchase.
The estimate fees seem a little high. Where you are prepared to invest time scrutinising costs you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, if you were content with the service the firm offered you couldcome to regret opting for an a cheaper lawyer. If is important to ensure that the firm can act for Godiva Mortgages Ltd. You can utilise our search tool to find a Prestbury conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Prestbury.
My fiance and I intend to remortgage our flat in Prestbury with Barclays. We have a son 18 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Barclays conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Barclays. This is solely used to protect Barclays if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Barclays had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do the Building Society Association intend to launch a search tool with a view to list firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Prestbury?
We have not been informed any plans on the part of the BSA to develop such a register.
Various internet forums that I have visited warn that are a common cause of hinderance in Prestbury conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Prestbury.
Is it possible to swap firm as I need to retain a firm on the Norwich and Peterborough Building Society conveyancing panel. I hired a family conveyancing solicitor in Prestbury five minutes from me but he is not accepted by Norwich and Peterborough Building Society
It would be our pleasure to help you select a conveyancing solicitor in Prestbury on the Norwich and Peterborough Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Prestbury. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Prestbury.
I am 3 weeks into a leasehold purchase having been recommend to a firm by the selling agent to carry out the conveyancing in Prestbury. I am am extremely frustrated with the level of service. Can you you assist me in finding new conveyancers?
They would have to be really poor to suggest replacing them. Has your mortgage offer been sent? In the event that it has you must make them aware of the new contact details and get the mortgage documents are re-issued. The solicitor ideally should be on the lenders approved list to avoid added costs and complications. So that should be your first question of the new conveyancers. Our find a solicitor tool should help you find a bank approved conveyancer for your home move in Prestbury