I have just started taking steps with the intention of swapping over from my current residential mortgage to a BTL Bank of Scotland mortgage. The bank has said that I need a lawyer for this. I had a chat my previous Guildford conveyancing solicitor who dealt with the legals when I previously purchased the property. The costs estimate they've given of £575 plus disbursements has shocked me as its a remortgage than a sale or purchase.
The estimate does seem a little steep. If you are willing to spend time scrutinising quotes you may be able to trim some of the cost by as much as £100 plus VAT. On the other hand, assuming were pleased with the conveyancing the firm gave you couldcome to rue opting for an an unknown solicitor. Remember to be sure that the firm can act for Bank of Scotland. You can utilise our search tool to locate a Guildford conveyancing firm on the Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Guildford.
What does my ID and proof of funds have anything to do with my conveyancing in Guildford? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Guildford. However these days you can not proceed with any conveyancing transaction in the absence handing over proof of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper part and photo card part, one is not sufficient without the other.
Verification of your origin of funds is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Guildford conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further questions concerning the origin of monies.
I am buying a property and require a conveyancing solicitor in Guildford who is on the Yorkshire Building Society approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Guildford. We dont recommend any particular firm.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a house in Guildford?
Unless a prior acquisition of the property completed after 12 October 2013 you may assume that lawyers delivering conveyancing in Guildford to remain encouraging a chancel search and or chancel repair liability policy.
I used Wolstenholmes several years past for my conveyancing in Guildford. Now, I need the documents but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Guildford of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the encouragement of my in-laws I had a survey completed on a property in Guildford prior to retaining solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies may refuse to grant a mortgage on such a property.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Guildford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Guildford to see if the conveyancing costs will increase in light of this.