I'm in the process of transferring my existing standard loan to a BTL Accord Mortgages Ltd mortgage. The bank has said that I must appoint a solicitor for this. I had a chat my previous Earlsfield conveyancing firm who who completed the conveyancing when I first acquired the property. The fee calculation sent of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate does seem a little on the high side. If you are content to spend time contrasting prices you might shave off some of the expense by say £125. On the other hand, assuming were pleased with the conveyancing the firm gave you maycome to regret opting for an an untested solicitor. Don't forget to enquire that the solicitor can act for Accord Mortgages Ltd. Do make use of our search tool to select a Earlsfield conveyancing firm on the Accord Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Earlsfield.
What does my ID and proof of funds have anything to do with my conveyancing in Earlsfield? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Earlsfield. However these days you will not be able to complete any conveyancing process without first handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of the source of funds is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must have this information on record. Your Earlsfield conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask additional queries concerning the source of funds.
My aunt passed away last year and as sole heir and executor I was left the house in Earlsfield. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
If you intend to refinance then Aldermore will insist on your using a conveyancer on the Aldermore 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 Aldermore 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 Aldermore mortgage is registered as a charge at the Land Registry.
We are downsizing from our house in Earlsfield and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Earlsfield lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a web based conveyancing practice as opposed to a conveyancing solicitor in Earlsfield. We have lived in Earlsfield for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer 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)
I have a 4 bedroom Victorian property in Earlsfield. Conveyancing solicitor acted for me and Barclays . I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Earlsfield and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
My friend mentioned that when choosing a conveyancing solicitors they must be approved by your bank. It happens to be my first house move but I have an offer in principle via Nat West Bank and I already have a local conveyancing lawyer in Earlsfield in place. Will Virgin Money require an approved solicitor to be used? If so, where can I find that list for my conveyancing in Earlsfield?
You need to instruct a solicitor that is on the Virgin Money panel. Simply telephone your preferred Earlsfield conveyancing solicitor and ask if they are on the Virgin Money panel. If they are not approved you have numerous choices open to you here:
- Proceed with your preferred Earlsfield conveyancer but Virgin Money will undoubtedly use a conveyancing practitioner from their conveyancing panel. The net result is additional charges and probable interruption.
- Get a fresh conveyancer to act in the purchase, not forgetting to check that they are on the Virgin Money conveyancing panel.
- Convince your solicitor to pull out all the stops to get accepted on the Virgin Money conveyancing panel.