I have just started taking steps with the intention of porting my current residential mortgage to a Buy to Let Alliance & Leicester mortgage. The bank has said that I require a lawyer as part of the process. I got in contact with my former Old Coulsdon conveyancing practitioner who acted on my behalf when I previously purchased the property. The costs illustration provided of £550 has shocked me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little overpriced. Where you are prepared to invest time scrutinising charges you could reduce the fees slightly by perhaps £125. That being said, if you were satisfied with the legal work the firm provided you couldcome to rue choosing an an unknown solicitor. Remember to check the conveyancer can also act for Alliance & Leicester . Do make use of our search tool to find a Old Coulsdon conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Old Coulsdon.
My wife and I are buying a new build duplex in Old Coulsdon and my lawyer is advising me that she is duty bound to the bank to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Old Coulsdon. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Barclays will require that you use a conveyancer on the Barclays conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Barclays conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Barclays mortgage is registered as a charge at the Land Registry.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Old Coulsdon?
There are two types of lawyers who can carry out conveyancing in Old Coulsdon namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that you need to complete the sale or purchase of property. Both are obliged to handle Old Coulsdon conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally conducted and that all requisite steps will be suitably followed.
The formalities of my purchase has taken place for my property in Old Coulsdon. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
It is not clear whether my bank requires a lease extension. I have called my Old Coulsdon bank branch on various occasions and was told it wasn't a problem and they would lend. My Old Coulsdon conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Taking into account that I will soon spend over three hundred thousand on a garden flat in Old Coulsdon I wish to have a conversation with the solicitor concerning thehouse move before instructing the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer due to be conducting your conveyancing in Old Coulsdon.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the figure you are quoted for your conveyancing in Old Coulsdon should be the amount on the final invoice that you end up paying.
Do online conveyancing organisations undertake everything a high street Old Coulsdon solicitor does or must I retain a solicitor for the final stages for my conveyancing in Old Coulsdon?
If you choose an online conveyancer they should undertake all the tasks your Old Coulsdon conveyancer would cover.