When reviewing online forums for a high-quality solicitor in Tower Hill, most post that I should use a CQS assured solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home ownership transfers, trusted by some of the UK's biggest mortgage companies. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Tower Hill is one of the many areas of the UK where there are Accredited lawyers.
Can I be sure that the Tower Hill conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Tower Hill getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your conveyancing.
My wife and I are in the process of looking at apartments in Tower Hill and I am about to put in an offer. Is it sensible to have my conveyancer on ‘stand by’? I am planning to take a home loan with Kent Reliance.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I currently have a mortgage with Co-operative for my property in Tower Hill. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Co-operative?
You must advise Co-operative in advance of renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Co-operative directly. You need not do this via a Co-operative conveyancing panel lawyer.
Are there restrictive covenants that are commonly identified as part of conveyancing in Tower Hill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tower Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the input of my in-laws I had a survey completed on a property in Tower Hill before retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to issue a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tower Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my primary house to a buy to let mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity as a down payment on another house. The neighborhood we are interested in is Tower Hill. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Do use our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. Having checked that they are the conveyancer should be able to connect the two transactions but you should talk with you solicitor and make apparent your desired outcome and requirements.
My wife and I have AIP from TSB who have advised that they will loan up to £350k. When do we need to instruct a solicitor for conveyancing? Tower Hill is where we plan to move to.
You can appoint a conveyancer now so that the property lawyer can open the file so they can do the ID checks etc. If and when you wish them to commence work they will seek a payment on account usually approximately £175. That should generally be once you have the mortgage offer and survey results, but if you wish to speed the process you can start the ball rolling sooner albeit risking some money.