After what seems like an age a mortgage offer from NatWest for the remortgage of my 2 bedroom apartment is to be issued by the end of next week. Could you propose a cheap conveyancing practitioner in Frizington?
You are on the wrong site if you are in need of cut-price fees for conveyancing in Frizington. Our goal is to offer affordable conveyancing but we do not work with the cheapest lawyers. Do not be seduced by organisations offering ninety nine pound conveyancing in Frizington. Optimistically, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up invoiced for extras and still not get the service you were hoping for.
My wife and I purchasing a detached bungalow in Frizington. We would like to carry out a loft conversion at the house.Will legal due diligence on the property involve investigations to see if these alterations are allowed?
Your solicitor should review the deeds as conveyancing in Frizington can sometimes identify restrictions in the title documents which restrict categories of alterations or necessitated the consent of a 3rd party. Some works require local authority planning consent and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
I have a mortgage with Bank of Ireland for my property in Frizington. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
Bank of Ireland must be informed of your intention in advance of letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel solicitor.
After months of negotiation I have agreed a price on a house in Frizington. My mortgage broker recommended their conveyancers. I paid an upfront payment of £200. Soon after, the conveyancer called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
A relative recommended that if I am buying in Frizington I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Frizington conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Frizington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Frizington Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Frizington Education with maps and statistics, Local Amenities and other useful information about Frizington.
It has been four months since my purchase conveyancing in Frizington took place. I have checked the Land Registry website which shows that I paid £175,000 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 asset 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 have been on the look out for a ground for flat up to £195,000 and found one round the corner in Frizington I like with a park and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Frizington suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I have been pointed in your direction by three or four local selling agents in Frizington to find a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to recommend your site rather than another?
We refuse to offer any commission for sending work our way. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.