We note that you have a post code search directory identifying solicitors on the Principality conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Bagshot?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bagshot.
is it true that all Bagshot solicitor practices on the Nottingham conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nottingham conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
We previously appointed solicitors locally in Bagshot on the Aldermore solicitor approved list. They are now charging me a separate sum for dealing with the Aldermore mortgage. Is this a supplemental conveyancing fee specified by Aldermore?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancing practitioner may levy a fee for this. This fee is not dictated by Aldermore but by your Bagshot conveyancer. Numerous firms on the Aldermore panel will charge an ‘acting for lender’ fee and others do not.
I have decided to exercise my right to buy my property in Bagshot off the council. I have a mortgage offer with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
I have been told that property searches are the primary reason for delay in Bagshot conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Bagshot.
Due to the encouragement of my in-laws I had a survey completed on a property in Bagshot before retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some mortgage companies may refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bagshot. Conveyancing will be smoother if you use a solicitor in Bagshot especially if they are familiar with such properties in Bagshot.
I'm converting the mortgage on my current house to a buy to let mortgage with Nottingham Building Society and intend to use the remaining equity towards another property. The area we are talking about is Bagshot. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our search tool on this site to be sure that the solicitors are approved by both banks. Assuming that they are the conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and specify your desired outcome and needs.
There are plenty of properties in Bagshot on private roads. My wife and I are acquiring such a house. What are the pros and cons of buying a residence on a private road?
Bagshot conveyancing firms are used to dealing houseson private. The property lawyer will investigate Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that proprietors pay into to maintain the road. If one exists, the road will likely be maintained and appear nicer than council maintained.