I'm in the process of transferring my current residential loan to a BTL Nottingham Building Society mortgage. I was told by my financial advisor that I require a solicitor for this. I spoke to my previous Mawsley conveyancing firm who who conducted the conveyancing when I initially bought the premises. The fee estimate supplied of just over five hundred pounds has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad steep. If you are content to expend time contrasting prices you might get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, if you were content with the legal work the firm offered you mightlive to regret choosing an a cheaper solicitor. Remember to check the firm can represent Nottingham Building Society. Do employ our search tool to choose a Mawsley conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Mawsley.
Our solicitor has discovered a a legal deficiency with the lease for the apartment we are purchasing in Mawsley. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer has advised that he must check that the bank is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Mawsley I like with open areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Mawsley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Is it possible to swap solicitor as I have to choose one who is on the HSBC Bank conveyancing panel. I hired a high street conveyancing solicitor in Mawsley round the corner but the firm is not accepted by HSBC Bank
We will our best to assist in finding you a conveyancing solicitor in Mawsley on the HSBC Bank panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Mawsley. In making use of search facility on this website, you can contrast charges for conveyancing solicitors in Mawsley and beyond.
I need to instruct a conveyancing solicitor in Mawsley for my house move. Can I review a solicitor's record with the profession’s regulator?
You may read documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may monitor call for training purposes.
I'm remortgaging a house in Mawsley. I have found my conveyancer's company on the Law Society's list, but I can't see my lawyer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unlicensed staff.