I am in the throes of changing my current residential mortgage to a BTL Platform Home Loans Ltd mortgage. The bank has said that I require a lawyer for this. I spoke to my past East Grinstead conveyancing practitioner who dealt with the legals when I initially purchased the premises. The costs estimate supplied of £550 has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The quote is fractionally on the expensive side. If you you were to look around you may be able to trim some of the expense by perhaps £125. On the other hand, assuming were happy with the legal work the firm gave you mightcome to regret choosing an an unknown lawyer. Remember to be sure the solicitor can represent Platform Home Loans Ltd. You can utilise our search tool to select a East Grinstead conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in East Grinstead.
We see that you have a search directory listing law firms on the Skipton conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in East Grinstead?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in East Grinstead.
we are a couple who decided to purchase a purpose built apartment in East Grinstead with a mortgage from Barclays Direct.We would like to retain our East Grinstead conveyancing practitioner but Barclays Direct advised that his firm is not listed on their "panel". we are left little option but to use a Barclays Direct panel lawyer or retain our high street solicitor and pay for a Barclays Direct panel lawyer to act for them. This seems very unfair; Can we not simply insist that Barclays Direct use our lawyer?
No, not really. The mortgage issued to you is subject to its various provisions, one of which will be that solicitors needs to be on the Barclays Direct approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Barclays Direct
It has been 4 months following my purchase conveyancing in East Grinstead concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in East Grinstead with a loan from Bank of Ireland. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my solicitor about this side-deal as it will put at risk my loan with the bank. Is this normal?.
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.
My father has recommend that I appoint his lawyers for conveyancing in East Grinstead. Should I use them?
No doubt it’s preferable to choose a conveyancing practitioner is to seek guidance from friends or family who have actually experience in using the solicitor you're considering.