I have just started taking steps with the aim of porting my current residential mortgage to a BTL Chelsea Building Society mortgage. The bank has said that I must appoint a conveyancer for this. I spoke to my past Hatfield conveyancing firm who dealt with the legals when I originally bought the property. The costs illustration sent of £450 plus VAT is an eye-watering amount to do this as its a refinance than a sale or purchase.
The costs illustration is slightly on the high side. Where you are prepared to spend time scrutinising costs you could trim some of the cost by perhaps a hundred pounds. That being said, if you were pleased with the legal work the firm gave you mightcome to regret opting for an a cheaper lawyer. If is important to enquire the solicitor can also act for Chelsea Building Society. You can employ our search tool to locate a Hatfield conveyancing firm on the Chelsea Building Society conveyancing panel, which can often include conveyancing solicitors in Hatfield.
The Hatfield conveyancing solicitors that just started acting on my purchase in Hatfield have suddenly closed. I only went with them because I needed a firm on the Co-operative conveyancing panel and my previous Hatfield lawyer was not. I paid them £170 in advance. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Is there a list of Nationwide panel solicitors in Hatfield on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings open the public online. If you are in need of a Hatfield conveyancing practitioner on the Nationwide please make the most of our facility.
We were going to get a AIP from Skipton this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any Hatfield solicitors on the Skipton conveyancing panel, or is it better to go independently?
You will need to appoint Hatfield solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
I have a mortgage with Nationwide for my property in Hatfield. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nationwide?
Nationwide must be informed of your intention in advance of renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide 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 Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel firm.
Due to the advice of my in-laws I had a survey completed on a property in Hatfield ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may not give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hatfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my primary property to a BTL loan with Accord Mortgages Ltd and I will use the ballance of the raised equity as a down payment on further property. The area we are looking at is Hatfield. Will your lawyers be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this page to be sure that the solicitors are approved by both lenders. On the basis that they are your lawyer will be able to connect the two transactions but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
I am contemplating choosing an online lawyer ahead of a Hatfield conveyancing firm. Any advice?
There are advantages of being able to visit a local Hatfield conveyancing solicitor for example
- signing papers on short notice
- having face-to-face explanations of things that need explaining
- the ability to complain if matters are not going as expected
When checking fees, look out for hidden extras. The majority decent Hatfield high street solicitors give an all-inclusive figure. Many online companies appear to offer cheap prices, yet have hidden 'extras' in the small print.