I have a mortgage with Yorkshire BS for my property in Brough. Conveyancing was finalised some time ago. In the event that I decide 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 Yorkshire BS?
Your original mortgage agreement with Yorkshire BS will provide that you need their approval before letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel firm.
Completion of my remortgage has taken place for my property in Brough. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
At last I have had an offer on a flat in Brough agreed to, but there is a chain. The owners have offered on a flat, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Brough. What should be my next step? At what stage do I apply for the mortgage with Virgin Money?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Brough conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Virgin Money approved list. As to the subsequent phase this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. During a rising market many buyers would apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they pay their solicitor to move forward with the conveyancing in Brough.
I need some quick conveyancing in Brough as I have an ultimatum to exchange contracts in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not getting a mortgage you have the choice not to do searches although no conveyancer would suggest that you don't. With lots of history conveyancing in Brough the following are instances of issues that can crop up and therefore affect market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
I have a 4 bedroom Victorian house in Brough. Conveyancing solicitor represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Nationwide Building Society to clarify?
You should assess 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 Brough and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who conducted the conveyancing.
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Brough and how can you help?
The 1954 Act affords protection to business leaseholders, granting the right to make a request to court for a new lease and remain in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Brough is one of the hundreds of locations in which our lawyers have offices
I need to instruct a conveyancing solicitor for purchase conveyancing in Brough. I happened to chance upon a site which appears to be the ideal answer If there is a chance to get all formalities done via email that would be preferable. Should I be wary? What should out be looking out for?
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?
Do banks and building societies provide you with an approved list of Brough solicitors? How do you know who is on the bank conveyancing panel?
Brough law firm practices and firms conducting conveyancing in Brough themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.