I have just started taking steps with the intention of switching my domestic mortgage to a BTL Halifax mortgage. The bank has said that I need a solicitor as part of the process. I got in contact with the same Arthog conveyancing practitioner who dealt with the legals when I initially bought the premises. The quote provided of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The costs illustration is slightly on the expensive side. Where you are happy to expend time comparing quotes you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, assuming were pleased with the legal work the firm gave you couldlive to regret choosing an an untested conveyancer. Don't forget to ensure the firm can act for Halifax. You can use our search tool to choose a Arthog conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Arthog.
We see that you have a search directory listing solicitors on the Bank of Ireland conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Arthog?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Arthog.
I have been advised by my solicitor that breach of easement insurance is required on my purchase. What is the level of cover for Arthog conveyancing?
The appropriate level of breach of easement indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such policies.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Arthog property lawyer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland 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 Bank of Ireland mortgage from the register. Bank of Ireland, 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 Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
UBS have agreed my home loan in principle, my offer on a flat in Arthog has been agreed to, what happens next?
The property agent will need to be advised as to your solicitor's details (ensure that the property lawyers are on the lender’s approved list). Contact UBS or the financial adviser and complete any appropriate forms. UBS will appoint a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. UBS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Arthog.
I opted to have a survey carried out on a property in Arthog before instructing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Arthog. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for purchase conveyancing in Arthog. I have chance upon a web site which appears to be the ideal answer If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my partner are first time buyers just having agreed a price on a property in Arthog, and are about to get solicitors instructed. I have made use of the various rating tools and the fee estimates are from all across the country. Is it necessary to have a Arthog conveyancing practitioner local to the potential new home? I am willing to do all the communicating over email, but I assume at some stage we will need to attend the solicitor's office to sign contracts?
The conveyancing practitioner does not have to be in Arthog, but opting for local means that you have the option to attend their offices if you need to, by way of example, if a signature is needed urgently. Also, a Arthog solicitor is likely to be familiar with local agents and (if the vendor has chosen a local lawyer) with them, which will help keep things moving faster.