I have just started taking steps with the aim of swapping over from my current residential mortgage to a BTL Platform Home Loans Ltd mortgage. I was told by my financial advisor that I require a solicitor as part of the process. I got in contact with my past Yardley conveyancing firm who who completed the conveyancing when I first acquired the premises. The costs illustration provided of £550 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The quote is fractionally on the high side. If you you were to look around you may be able to shave off some of the cost by say £125. That being said, if you were pleased with the service the firm gave you mightlive to regret opting for an an unknown conveyancer. If is important to check that the conveyancer can act for Platform Home Loans Ltd. You can utilise our search tool to select a Yardley conveyancing firm on the Platform Home Loans Ltd member panel, which can often include conveyancing solicitors in Yardley.
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Yardley. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will instruct a local conveyancing solicitor in Yardley?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
When it comes to lenders such as Virgin Money, do Yardley property lawyers have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have paid off my mortgage with UBS. I assume I don't need a Yardley conveyancing practitioner on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
I need some fast conveyancing in Yardley as I am faced with a deadline to sign on the dotted line within one month. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to do searches although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in Yardley the following are examples of what can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
My wife and I purchased a renovated Victorian property in Yardley. Conveyancing lawyer represented me and Barclays . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Yardley 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 lenders. You can also check the situation with your conveyancing lawyer who conducted the work.
I decided to have a survey done on a property in Yardley ahead of instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some lenders tend refuse to give a loan on this type of home.
It varies from the lender to lender. Santander has different instructions from Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Yardley. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Yardley and I am already nervous. I couldn't find anything specific about Yardley. Conveyancing will be needed in due course but do you know about the Yardley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Yardley. In the meantime here are some basic statistics that we found