I'm in the process of transferring my current homeowner mortgage to a Buy to Let Bank of Ireland mortgage. I have been informed by my broker that I must appoint a solicitor for this. I had a chat the same Dunnington conveyancing practitioner who acted on my behalf when I previously acquired the house. The pricing estimate supplied of £550 has taken me by surprise as its a refinance than a sale or purchase.
The costs illustration is fractionally on the high side. If you you were to look around you may be able to shave off some of the cost by say £100 plus VAT. On the other hand, providing that you were happy with the conveyancing the firm provided you couldlive to regret choosing an an unknown conveyancer. If is important to check that the conveyancer can act for Bank of Ireland. You can make use of our search tool to select a Dunnington conveyancing firm on the Bank of Ireland member panel, which can often include conveyancing solicitors in Dunnington.
As someone unfamiliar with the Dunnington conveyancing process what is your top tip you can impart concerning the ownership transfer in Dunnington
You may not hear this from too many lawyers but conveyancing in Dunnington and elsewhere in North Yorkshire is an adversarial process. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the transaction. For example, the seller, selling agent and even potentially a bank. Choosing a solicitor for your conveyancing in Dunnington should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose responsibility is to protect your best interests and to keep you safe.
Every so often a third party with a vested interest will attempt to sway you that it is in your interests to do things their way. For example, the property agent may claim to be assisting by claiming that your conveyancer is wrong. Or your financial adviser may tell you to do something that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My partner and I are downsizing from our house in Dunnington and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Dunnington. Having lived in Dunnington for many years we know of no issue. Is it a good idea to contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of 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)
I'm purchasing a new build house in Dunnington with a loan from Clydesdale. The sellers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not to tell my conveyancer about this deal as it will affect my mortgage with Clydesdale. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to retain a conveyancing solicitor for leasehold conveyancing in Dunnington. I have land on a web site which appears to be the ideal answer If it is possible to get all the legals completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
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?
I would like to rent out my leasehold flat in Dunnington. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Your lease governs the relationship between the landlord and you the flat owner; specifically, it will say if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Dunnington do not contain an absolute prevention of subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the sublease.
I acquired a leasehold flat in Dunnington, conveyancing was carried out in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Dunnington with a long lease are worth £260,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2100
With just 75 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.