I have just started taking steps with a view to swapping over from my current homeowner loan to a Buy to Let Accord Mortgages Ltd mortgage. I was told by my financial advisor that I require a solicitor for this. I had a chat my past Glastonbury conveyancing solicitor who dealt with the legals when I originally purchased the premises. The costs estimate sent of £450 plus VAT is surprising as its a refinance than a sale or purchase.
The estimate does seem a little overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, assuming were content with the legal work the firm gave you mightlive to regret opting for an an unknown solicitor. Don't forget to check the firm can also act for Accord Mortgages Ltd. You can use our search tool to select a Glastonbury conveyancing firm on the Accord Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Glastonbury.
Can I use your services to locate a Conveyancing solicitor in Glastonbury even if I’m not purchasing or disposing of a house, for example if I want to acquire an office in Glastonbury with a mortgage from Platform Home Loans Ltd?
Our search tool is predominantly used to locate domestic conveyancing solicitors in Glastonbury but we have recorded towards the end of this page a selection of Glastonbury commercial conveyancing firms. You should enquire with the solicitors directly to establish if they are also authorised to represent Platform Home Loans Ltd
I am purchasing a right to buy a flat in Glastonbury. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Glastonbury you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Glastonbury.
My wife and I have organised a further advance on our mortgage from RBS as we intend to carry out alterations to our house in Glastonbury. Are we obliged to choose a local Glastonbury solicitor on the RBS conveyancing panel to deal with the legals?
RBS would not normally require a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS list.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Glastonbury building society branch on various occasions and was told they are content with the situation and they will lend. My Glastonbury conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Glastonbury is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly identified as part of conveyancing in Glastonbury?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Glastonbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Glastonbury differ for newly converted properties?
Most buyers of new build residence in Glastonbury contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Glastonbury tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Glastonbury or who has acted in the same development.