I have just started taking steps with the aim of porting my domestic home loan to a BTL Bank of Scotland mortgage. The bank has said that I must appoint a lawyer for this. I had a chat my past Malden Rushett conveyancing solicitor who acted on my behalf when I initially acquired the premises. The quote issued of £450 plus VAT is surprising as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate fees seem a bit high. Where you are prepared to expend time contrasting costs you may be able to shave off some of the cost by perhaps £100 plus VAT. That being said, assuming were satisfied with the assistance the firm gave you maycome to regret choosing an an untested solicitor. Remember to check the solicitor can act for Bank of Scotland. You can make use of our search tool to select a Malden Rushett conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Malden Rushett.
Completed the sale of my flat in Malden Rushett last October but our buyer keeps Skype messaging me to say his lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Following your sale your conveyancer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where relevant, your lawyer should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion steps just for conveyancing in Malden Rushett.
It has been three months following my purchase conveyancing in Malden Rushett completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Malden Rushett differ for new build properties?
Most buyers of new build residence in Malden Rushett come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Malden Rushett usually buy the site, 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 accustomed to new build conveyancing in Malden Rushett or who has acted in the same development.
I decided to have a survey carried out on a property in Malden Rushett prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Malden Rushett. Conveyancing will be smoother if you use a solicitor in Malden Rushett especially if they regularly deal with such properties in Malden Rushett.
I'm refinancing my primary property to a buy to let mortgage with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on another house. The area we are looking at is Malden Rushett. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?
Do use our comparison tool on this site to check that the lawyers are on the relevant lender panels. On the basis that they are your conveyancer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and needs.