I have just started taking steps with the aim of changing my domestic loan to a BTL Lloyds TSB Bank mortgage. The bank has said that I need a solicitor for this. I had a chat my previous South Norwood conveyancing solicitor who acted on my behalf when I first purchased the property. The costs illustration issued of just over five hundred pounds has taken me by surprise as its a remortgage than a sale or purchase.
The estimate does seem a little on the high side. Where you are content to spend time contrasting quotes you might decrease the fees marginally by as much as £100 plus VAT. On the other hand, providing that you were pleased with the legal work the firm offered you maylive to regret opting for an an unknown conveyancer. Don't forget to check that the firm can represent Lloyds TSB Bank. You can make use of our search tool to find a South Norwood conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in South Norwood.
I am the registered owner of a freehold house in South Norwood yet charged rent, why is this and what is this?
It is rare for properties in South Norwood and has limited impact for conveyancing in South Norwood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I opted to have a survey done on a property in South Norwood prior to appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend refuse to issue a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Norwood. Conveyancing may be slightly more expensive based on your lender's requirements.
Are there any apps to help search for a South Norwood solicitor on the Aldermore conveyancing panel? I am a keen cyclist and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the facility on this page. Please select a bank and your location and you will see a number of South Norwood conveyancing lawyers located nearest you. We have detailed some South Norwood conveyancing firms towards the end of this page and you can call them to check if they are on the Aldermore approved list
I need to find a conveyancing solicitor for purchase conveyancing in South Norwood. I happened to chance upon a site which seems to have the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
The lawyers carrying out our conveyancing in South Norwood has sent documents to review that reveal that the property is unregistered with epitome documents. Why is the property not currently recorded at the Land Registry?
Much of the property in South Norwood is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of South Norwood conveyancing solicitors will be capable of dealing with such matters but where uncertainty reigns the conventional guidance presently is for the current owners to undertake the registration formalities first and thereafter sell - this will have a knock on effect to result in a drawn-out conveyancing.