Why do I have to pay up front for my conveyancing in Campden Hill?
If you are buying a property in Campden Hill your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is payable against the total price then this should be asked for shortly prior to contracts are exchanged. The closing balance that is due will be payable shortly before completion.
Two weeks ago we had a mortgage agreed in principle with Leeds Building Society. Campden Hill conveyancing lawyers have been selected. How long does it take for Leeds Building Society to issue the offer to the solicitor?
There is no definitive answer here. Have Leeds Building Society done the valuation? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I currently have a mortgage with RBS for my property in Campden Hill. Conveyancing has been completed some time ago. If I am intending 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 RBS?
Your original mortgage agreement with RBS will provide that you need their approval before renting your property as this is likely to be a breach of RBS’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 RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
Planning on purchasing a flat in Campden Hill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Campden Hill conveyancing practitioner is on the Virgin Money conveyancing panel.
I am downsizing from our house in Campden Hill and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers instructed an internet conveyancing firm rather than a conveyancing solicitor in Campden Hill. We have lived in Campden Hill for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I was advised by a number of property agents in Campden Hill to get a quote from a conveyancer using your seach tool. Is there a financial upside for Estate Agents to promote your site over another?
We don’t give any financial incentive for directing people our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Should I use a Campden Hill conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can deal with the legal formalities however her office is approximately 350kilometers away.
The benefit of a local Campden Hill conveyancing practice is that you can drop in to sign documents, hand in your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must trump using an unfamiliar Campden Hill conveyancing lawyer solely due to them being round the corner.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.