I'm in the process of switching my current residential mortgage to a BTL Bank of Scotland mortgage. I was told by my mortgage that I need a solicitor for this. I had a chat my previous Craven Arms conveyancing firm who dealt with the legals when I initially purchased the house. The costs illustration provided of just over five hundred pounds is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate does seem a tad on the high side. If you you were to look around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, providing that you were happy with the legal work the firm offered you mightlive to regret opting for an an untested solicitor. If is important to ensure that the solicitor can also act for Bank of Scotland. You can make use of our search tool to choose a Craven Arms conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Craven Arms.
Why is leasehold purchase conveyancing in Craven Arms is more expensive?
Craven Arms leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Craven Arms. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you intend to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Craven Arms for a purchase of a leasehold apartment 12 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Craven Arms conveyancing specialists.
I opted to have a survey done on a property in Craven Arms ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some lenders tend refuse to issue a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Craven Arms. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Craven Arms to see if the conveyancing will be more expensive.
In searching the web for the words on line conveyancing in Craven Arms it reveals numerous property lawyersin the vicinity. How do I determine which is the right conveyancing solicitor for my move?
The preferential way of finding the right conveyancer is through a personal recommendation, so ask friends and family who have acquired a property in Craven Arms or the respected estate agent or mortgage broker. Costs for conveyancing in Craven Arms vary, so it's advisable to obtain a minimum of four fee estimates from different conveyancers. Dont forget to clarify that the fees are fixed.