I am in the throes of changing my existing standard home loan to a Buy to Let Alliance & Leicester mortgage. The bank has said that I must appoint a lawyer as part of the process. I spoke to my former Bedmond conveyancing firm who dealt with the legals when I originally acquired the house. The fee calculation issued of £575 plus disbursements has taken me by surprise as its a remortgage than a sale or purchase.
The estimate does seem a tad steep. Where you are prepared to expend time comparing quotes you might decrease the fees slightly by perhaps £100 plus VAT. That being said, if you were happy with the legal work the firm offered you couldlive to rue choosing an a cheaper lawyer. Don't forget to ensure that the conveyancer can act for Alliance & Leicester . You can make use of our search tool to locate a Bedmond conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Bedmond.
Do the Building Society Association intend to launch a search tool with a view to list solicitors on the Darlington Building Society conveyancing panel for instance in Bedmond?
We are not aware of any intention on the part of the BSA to develop such a tool.
Forgive me if this question is silly but I am new to the process as a 1st time buyer of a two bedroom flat in Bedmond. Do I pick up the keys to the property on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Bedmond?
On the day of completion you will not be required to attend the conveyancers office in Bedmond. Your solicitors will electronically transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
A friend pointed out to me me that in purchasing a property in Bedmond there could be various restrictions prohibiting external alterations to a property. Is this right?
There are a number of properties in Bedmond which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Bedmond should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Bedmond. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Skipton be concerned?
Given that your lender is Skipton your lawyer must comply with the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook contains minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Skipton where a lease fails to satisfy these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Bedmond.
My wife and I have a terraced Edwardian house in Bedmond. Conveyancing solicitor represented me and Britannia. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review 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 Bedmond and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
I was advised by three or four local selling agents in Bedmond to select a conveyancer on your site. Is there a financial incentive for Estate Agents to recommend your site over alternative conveyancing organisations?
We don’t make any commission for sending work in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
What is the average conveyancing fee for conveyancing in Bedmond?
The average cost last year for conveyancing in Bedmond was £1,419 not including Stamp Duty and HM Land Registry fees.