I have just started taking steps with a view to changing my current homeowner mortgage to a BTL Virgin Money mortgage. The bank has said that I require a lawyer as part of the process. I spoke to my past Anerley conveyancing practitioner who dealt with the legals when I originally purchased the premises. The fee calculation issued of £500 has taken me by surprise as its a refinance than a sale or purchase.
The estimate does seem a little overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, assuming were satisfied with the assistance the firm offered you maycome to rue opting for an an unknown conveyancer. If is important to ensure that the firm can also act for Virgin Money. You can utilise our search tool to find a Anerley conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Anerley.
It is is a decade since I bought my house in Anerley. Conveyancing lawyers have now been instructed on the sale but I am unable to find my title deeds. Will this cause complications?
You need not be too concerned. First the deeds may be kept by your mortgage company or they may be in the possession of the conveyancers who handled the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in Anerley relates to registered property but in the rare situation where your property is not registered it is more problematic but is resolvable.
I am buying a right to buy a flat in Anerley. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Anerley you will have to appoint a solicitor on your bank'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 Anerley.
We had appointed solicitors with offices in Anerley on the Coventry BS solicitor panel. They are now charging me an additional amount for dealing with the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer is entitled to levy a fee for this. The charge is not set by Coventry BS but by your Anerley lawyer. Plenty of firms on the Coventry BS panel will levy ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
I have a mortgage with Principality for my property in Anerley. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
Your original mortgage agreement with Principality will provide that you need their approval before letting out your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 Principality directly. You need not do this via a Principality conveyancing panel solicitor.
I've read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Anerley solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Anerley postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Anerley.
I am looking into buying my first house which is in Anerley and I am already nervous. I couldn't find anything specific about Anerley. Conveyancing will be needed in due course but do you know about the Anerley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Anerley. In the meantime here are some basic statistics that we found
We're new on the property ladder - had an offer accepted, but the estate agent has warned us that the owners will only move forward if we appoint the agent's chosen lawyers as they are insisting on a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Anerley
It is unlikely the owners are behind this. Should the vendor require ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Speak to the owners direct and make sure they comprehend that (a)you are serious purchasers (b)you are ready to progress, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you will continue to use your preferred Anerley conveyancing lawyers - not the ones that will provide their estate agent a commission or meet his conveyancing thresholds pre-set by senior management.