I have just started taking steps with the intention of porting my current homeowner loan to a BTL Alliance & Leicester mortgage. I was told by my mortgage that I require a lawyer as part of the process. I got in contact with my past Elephant and Castle conveyancing practitioner who acted on my behalf when I initially acquired the premises. The fee estimate issued of £470 is surprising as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate does seem a tad overpriced. If you you were to look around you might trim some of the expense by say £100 plus VAT. On the other hand, providing that you were pleased with the service the firm offered you couldlive to regret choosing an an untested solicitor. Remember to enquire that the conveyancer can also act for Alliance & Leicester . Do use our search tool to get a quote a Elephant and Castle conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Elephant and Castle.
I am selling my flat in Elephant and Castle. Does the property lawyer need to be required to be on the Nationwide conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
My wife and I own a terraced Edwardian house in Elephant and Castle. Conveyancing lawyer acted for me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be 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 Elephant and Castle and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing practitioner who conducted the purchase.
Due to the input of my in-laws I had a survey completed on a house in Elephant and Castle before instructing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some banks will refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Elephant and Castle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Elephant and Castle to see if the conveyancing costs will increase in light of this.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Elephant and Castle?
At this site receive a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Elephant and Castle. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the most commission, rather than the best value conveyancing in Elephant and Castle
Are Elephant and Castle conveyancing solicitors duty bound by the Law Society to issue transparent conveyancing figures?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Elephant and Castle or further afield.