We note that you have a post code search directory listing firms on the Coventry BS conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Petersfield?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Petersfield.
My bank has recommended solicitors on their panel based in Petersfield but I would rather use a conveyancing lawyer in Petersfield round the corner to me. Are you able to help?
The minority of Petersfield conveyancing practitioners are listed all banks conveyancing panel. Use the above find an approved solicitor tool to find a Petersfield conveyancing solicitor on the on the bank panel.
A colleague informed me that in buying a property in Petersfield there may be various restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Petersfield which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Petersfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The mortgage over my property is with Barclays for my property in Petersfield. Conveyancing has been completed a year ago. If I am intending 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 Barclays?
Barclays must be informed of your intention in advance of renting your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will allow you to rent 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 Barclays directly. You need not do this via a Barclays conveyancing panel solicitor.
Nationwide have agreed my mortgage in principle, my bid on a property in Petersfield has been agreed to, what happens next?
Your property agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s approved list). Contact Nationwide or the broker and finish off any relevant forms. Nationwide will instruct a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Nationwide will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Petersfield.
How does conveyancing in Petersfield differ for newly converted properties?
Most buyers of new build premises in Petersfield approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Petersfield typically acquire the land, 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 Petersfield or who has acted in the same development.
I opted to have a survey completed on a property in Petersfield prior to appointing lawyers. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders may refuse to give a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Petersfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Petersfield to see if the conveyancing costs will increase in light of this.
Is there an average conveyancing fee for conveyancing in Petersfield?
The average cost in 2014 for conveyancing in Petersfield was just over one thousand four hundred and fifty pounds not including Stamp Duty and HM Land Registry charges.