I instructed a high street lawyer for my conveyancing in Guildford recently. Reviewing the Ts and Cs it is apparent thatI am on the hook for fees even if the dealfalls through. Should I go with them or appoint a web based conveyancing brokerage promoting no-sale-no-fee conveyancing in Guildford?
It is usually a trade off in that if "No Sale No Fee" is available then the fee levels will generally be higher to cover the transactions that abort. Do bear in mind that these deals generally do not protect you from disbursements e.g. Guildford conveyancing search fees.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Guildford. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/12/2024, the requirements read as follows :
What will a local search tell me about the house we're buying in Guildford?
Guildford conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company such as Searches UK The local search plays a central part in many a Guildford conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Guildford is where the house is located. What do you suggest?
Flying freeholds in Guildford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Guildford you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Guildford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm remortgaging my primary house to a BTL loan with Britannia and I will use the rest of the raised equity as a deposit on further house. The neighborhood we are interested in is Guildford. Will your lawyers be able to act for the two lenders and link together the conveyances?
Make use of our search tool on this page to be sure that the solicitors are on the relevant lender panels. On the basis that they are your solicitor will be able to tie up the two deals but you should talk with you lawyer and make clear your desired outcome and requirements.
My solicitors in Guildford have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.