I have just started taking steps with the aim of swapping over from my existing standard loan to a BTL Yorkshire Building Society mortgage. The bank has said that I must appoint a solicitor as part of the process. I got in contact with my former Lea Bridge conveyancing solicitor who who completed the conveyancing when I initially bought the house. The fee calculation supplied of £470 is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The estimate does seem a little on the high side. If you are prepared to spend time comparing costs you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, assuming were happy with the assistance the firm offered you maylive to regret opting for an an unknown solicitor. If is important to enquire the solicitor can represent Yorkshire Building Society. You can use our search tool to get a quote a Lea Bridge conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Lea Bridge.
My fiance and I intend to purchase a newly converted flat in Lea Bridge with a residential mortgage from Britannia.We would like to retain our Lea Bridge conveyancing practitioner but Britannia says he's not listed on their approved list of member firms. We have to appoint a Britannia panel lawyer or keep our local solicitor and fork out for a Britannia panel lawyer to act for them. This seems very unfair; Can we not simply insist that Britannia use our lawyer?
No, not really. The home loan issued to you contains terms and conditions, one of which will be that lawyers must be on the Britannia conveyancing panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Britannia
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a residence in Lea Bridge?
Unless a previous acquisition of the property completed post 12 October 2013 you may expect conveyancing practitioners carrying out conveyancing in Lea Bridge to remain encouraging a chancel search and or chancel repair liability insurance.
I used Stirling Law several years past for my conveyancing in Lea Bridge. I now require my file but the law firm is no longer operating. What do I do?
Do 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 Lea Bridge of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Lea Bridge. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Lea Bridge
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the advice of my in-laws I had a survey completed on a house in Lea Bridge before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some lenders will not issue a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lea Bridge. Conveyancing may be slightly more expensive based on your lender's requirements.