I'm in the process of swapping over from my existing standard loan to a BTL Barnsley Building Society mortgage. I have been informed by my broker that I require a conveyancer for this. I spoke to my former Albany Park conveyancing practitioner who dealt with the legals when I first purchased the house. The costs illustration issued of £550 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad on the high side. Where you are willing to invest time scrutinising charges you might decrease the fees marginally by say £125. That being said, if you were pleased with the service the firm offered you couldlive to rue opting for an a cheaper conveyancer. Remember to ensure that the solicitor can also act for Barnsley Building Society. Do make use of our search tool to locate a Albany Park conveyancing firm on the Barnsley Building Society approved list of lawyers, which can often include conveyancing solicitors in Albany Park.
In what way does my ID and proof of funds have anything to do with my conveyancing in Albany Park? Is this really warranted?
In order to comply with Money Laundering Regulations any Albany Park conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to notify the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
I am helping my mother sell her flat in Albany Park. Does the conveyancing solicitor arrange the EPC or it is for the seller to see to?
After the abolition of Home Packs, energy performance certificates was left as a required part of moving house. An EPC needs to be commissioned prior to the property being marketed. This is not as aspect of the sale process that conveyancers ordinarily arrange. If you are instructing a Albany Park conveyancing solicitor they might help arrange energy performance certificates due to their relationships with reputable Albany Park energy assessors
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Albany Park conveyancer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
After months of negotiation I have agreed a price on a house in Albany Park. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. Soon after, the solicitor contacted me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require quick conveyancing in Albany Park as I have pressure to sign on the dotted line in less than one month. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches carried out although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Albany Park the following are instances of issues that can crop up and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
I decided to have a survey carried out on a house in Albany Park ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Albany Park. Conveyancing will be smoother if you use a solicitor in Albany Park especially if they regularly deal with such properties in Albany Park.
Looking forward to exchange soon on a studio apartment in Albany Park. Conveyancing lawyers assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Albany Park should include some of the following:
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You would want to receive a copy of the lease You should know if the lease permits you to alter or upgrade aspects of the flat- you should be made aware as to whether it applies to all alterations or just structural alteration, and whether permission is required Does the lease prohibit wood flooring? An explanation concerning the obligations in the lease to pay service charges - in respect of the block, and the more general rights a leaseholder enjoys What options are available to the landlord where you breach a clause of your lease?
I inherited a ground-floor 1950’s flat in Albany Park. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to make a decision on the premium.
An example of a Vesting Order and Purchase of freehold decision for a Albany Park premises is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The unexpired residue of the current lease was 80.01 years.