I'm in the process of changing my existing standard mortgage to a BTL Norwich and Peterborough Building Society mortgage. I have been informed by my broker that I need a solicitor as part of the process. I had a chat the same Fenny Stratford conveyancing firm who dealt with the legals when I previously bought the house. The quote supplied of £575 plus disbursements has surprised me as its a remortgage than a sale or purchase.
The estimate fees appear a little high. If you are content to spend time contrasting charges you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, if you were content with the service the firm offered you maycome to regret opting for an an unknown conveyancer. Remember to enquire the firm can also act for Norwich and Peterborough Building Society. Do utilise our search tool to choose a Fenny Stratford conveyancing firm on the Norwich and Peterborough Building Society conveyancing panel, which can often include conveyancing solicitors in Fenny Stratford.
The owners have rather assertive sellers who has suggested a lock out contract with a deposit 6,000. Is it wise to enter into such agreements?
There are a couple of main concerns with executing a lock out agreement (sometimes termed an exclusivity agreement) is that it diverts attention away from moving forward with the conveyancing work, so in the absence of it needing minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not promoted amongst Fenny Stratford conveyancing lawyers as a result. A supplemental concern is the extent of the remedies available - a jilted purchaser is very unlikely to win an injunction to stop the owner completing the sale to an alternative purchaser, so the only remedy open via the agreement will be the reimbursement of abortive charges and, in rare situations, the extra payment of damages.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Fenny Stratford. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Coventry BS will insist on your using a conveyancer on the Coventry BS 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 Coventry BS 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 Coventry BS mortgage is registered as a charge at the Land Registry.
Due to the input of my in-laws I had a survey completed on a property in Fenny Stratford prior to retaining lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fenny Stratford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fenny Stratford to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for purchase conveyancing in Fenny Stratford. I happened to land on a web site which looks to be the perfect solution If it is possible to get all the legals completed via email 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?
Can you confirm the extent of conveyancing provided by Fenny Stratford conveyancing practices?
For the most part Fenny Stratford conveyancing companies will offer various legal advice to residential and agricultural land owners, sellers, buyers, landlords and tenants such as:
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Domestic sale conveyancing in Fenny Stratford and elsewhere in the country
Domestic purchase conveyancing in Fenny Stratford and also around the country
lifetime mortgages and equity release conveyancing Auction sales and purchase conveyancing in Fenny Stratford and further afield Helping leaseholder clients purchase the freehold reversion (enfranchisement) or extend their leases and landlord clients to help with enfranchisement claims Transfers of Equity - varying the property into joint or sole names