I'm in the process of swapping over from my current residential home loan to a BTL Yorkshire Building Society mortgage. I have been informed by my broker that I must appoint a solicitor as part of the process. I had a chat my previous Castelnau conveyancing practitioner who dealt with the legals when I originally acquired the premises. The costs illustration sent of £550 has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The quote is slightly on the expensive side. If you shop around you might shave off some of the expense by as much as £125. On the other hand, assuming were happy with the service the firm gave you maylive to rue opting for an an unknown conveyancer. If is important to be sure that the solicitor can act for Yorkshire Building Society. Do utilise our search tool to find a Castelnau conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Castelnau.
I am under pressure from the executor of a property in Castelnau to exchange within four weeks. What can I do to expedite matters?
In the event that you are under a tight deadline to sign contracts we would recommend that your solicitor is familiar with the area as they will have local contacts and intelligence. It is even conceivable that they could have conducted previoushomes in the same street. Therefore consider using a Castelnau conveyancing lawyer. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Castelnau conveyancing transactions are delayed or derailed after finding out that a buyer’s lawyer was not on their banks member panel. In many cases this discovery resulted in the buying process being frustrated by as much as 21 days. It is claimed that this issue affects approximately one hundred thousand home sales annually. Most Castelnau conveyancing practices can not act for certain mortgage companies so do check at the outset.
My partner and I are close to exchanging contracts on the sale of our property in Castelnau and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Castelnau. We have lived in Castelnau for six years we know of no issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must 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 ailment)
The deeds to my house can not be found. The solicitors who dealt with the conveyancing in Castelnau 5 years ago no longer exist. What are my options?
These day there are copies made of almost everything, and your lawyer will be aware precisely where to look for all the suitable documentation so you can purchase or dispose of your house without any difficulty. Where duplicates can’t be found, your solicitor may be able to put in place insurance or indemnities against possible claims on the property.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Castelnau is the location of the property. What do you suggest?
Flying freeholds in Castelnau are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Castelnau you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castelnau may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have been recommended by numerous estate agents in Castelnau to select a solicitor on your site. What’s the financial inducement for Estate Agents to market your site rather than another?
We don’t offer any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.