I'm in the process of transferring my domestic mortgage to a BTL Yorkshire Building Society mortgage. I was told by my financial advisor that I need a solicitor as part of the process. I had a chat my former Wickford conveyancing solicitor who who conducted the conveyancing when I first acquired the house. The pricing estimate they've given of £470 is surprising as its a remortgage than a sale or purchase.
The costs illustration is slightly on the steep side. If you are prepared to expend time contrasting quotes you might shave off some of the expense by as much as £100 plus VAT. On the other hand, assuming were pleased with the legal work the firm provided you couldcome to regret opting for an a cheaper conveyancer. Remember to check that the conveyancer can act for Yorkshire Building Society. You can utilise our search tool to get a quote a Wickford conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Wickford.
I am purchasing a terraced house in Wickford. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Wickford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wickford.
My wife and I have a terraced Georgian property in Wickford. Conveyancing practitioner represented me and Britannia. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wickford and other locations in 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 purchasers. You can also question the position with the conveyancing lawyer who completed the work.
I'm buying my first flat in Wickford with a mortgage from Santander. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not disclose to my solicitor about this extras as it may affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Wickford is the location of the property. Can you offer any advice?
Flying freeholds in Wickford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wickford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wickford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I was pointed in your direction by three or four local property agents in Wickford to find a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers rather than a competitor’s?
We don’t offer any financial incentive for directing people to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.