I am in the throes of transferring my existing standard home loan to a Buy to Let Leeds Building Society mortgage. I have been informed by my broker that I need a solicitor as part of the process. I had a chat the same Stanmore conveyancing solicitor who who completed the conveyancing when I first purchased the property. The fee calculation they've given of £550 has taken me by surprise as its a refinance than a sale or purchase.
The costs illustration is slightly on the expensive side. If you shop around you could reduce the fees marginally by say a hundred pounds. On the other hand, assuming were happy with the assistance the firm offered you couldcome to regret opting for an an unknown lawyer. Don't forget to enquire the solicitor can act for Leeds Building Society. Do employ our search tool to get a quote a Stanmore conveyancing firm on the Leeds Building Society member panel, which can often include conveyancing solicitors in Stanmore.
Should my lawyer be raising questions concerning flooding during the conveyancing in Stanmore.
The risk of flooding is if increasing concern for solicitors dealing with homes in Stanmore. There are those who acquire a house in Stanmore, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, however there are a numerous searches that can be carried out by the buyer or by their conveyancers which will give them a better appreciation of the risks in Stanmore. The conventional set of property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the seller to discover whether the premises has suffered from flooding. If the residence has been flooded in past and is not revealed by the vendor, then a purchaser could bring a legal claim for losses resulting from an incorrect response. The buyer’s solicitors will also order an enviro search. This will disclose if there is any known flood risk. If so, additional investigations should be conducted.
My wife and I purchased a semi-detached Georgian property in Stanmore. Conveyancing lawyer acted for me and Chelsea Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stanmore and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing solicitor who conducted the purchase.
How does conveyancing in Stanmore differ for newly converted properties?
Most buyers of new build property in Stanmore come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because developers in Stanmore tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stanmore or who has acted in the same development.
I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed fees for commercial conveyancing in Stanmore for below 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Stanmore, including the disposal and purchase of businesses as well as simply premises. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right firm. Regarding the charges these will vary based on the structure and complexity of the deal. Let us have your contact information or call so as to enable us to supply you with a detailed commercial conveyancing quote.
As co-executor for the will of my grandfather I am disposing of a residence in Monmouth but reside in Stanmore. My conveyancer (based 250 miles awayhas requested that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Stanmore who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Stanmore based