I have just started taking steps with a view to switching my current homeowner home loan to a Buy to Let Britannia mortgage. I was told by my financial advisor that I require a lawyer for this. I spoke to my past Woodbury conveyancing firm who acted on my behalf when I previously purchased the premises. The fee calculation sent of £575 plus disbursements is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The estimate fees appear a bit high. Where you are willing to expend time comparing charges you may be able to reduce the fees slightly by as much as £100 plus VAT. On the other hand, assuming were pleased with the conveyancing the firm gave you couldcome to regret choosing an an unknown lawyer. If is important to ensure that the firm can also act for Britannia. Do employ our search tool to get a quote a Woodbury conveyancing firm on the Britannia conveyancing panel, which can often include conveyancing solicitors in Woodbury.
It is 10 years ago since I purchased my property in Woodbury. Conveyancing lawyers have now been retained on the sale but I can't find the deeds. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be retained by your mortgage company or they may stored with the lawyers who handled your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Woodbury involves registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
Will our solicitor be raising questions about flooding as part of the conveyancing in Woodbury.
The risk of flooding is if increasing concern for solicitors dealing with homes in Woodbury. There are those who acquire a property in Woodbury, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, but there are a various checks that may be undertaken by the buyer or by their lawyers which should figure out the risks in Woodbury. The standard information sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual question of the vendor to find out if the premises has ever been flooded. If flooding has previously occurred which is not disclosed by the seller, then a buyer may bring a legal claim for losses stemming from an inaccurate reply. A purchaser’s solicitors may also order an environmental search. This should higlight whether there is a recorded flood risk. If so, more detailed inquiries will need to be conducted.
How does conveyancing in Woodbury differ for new build properties?
Most buyers of new build residence in Woodbury contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Woodbury tend to acquire the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Woodbury or who has acted in the same development.
I was pointed in your direction by three or four local estate agents in Woodbury to select a property lawyer using your seach tool. Is there a financial advantage for Estate Agents to offer your services ahead of another?
We refuse to offer any commission for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am thinking of appointing a conveyancing practitioner in Woodbury for my home move. Is it possible to check a solicitor's record with the profession’s regulator?
One can search for presented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.