I have just started taking steps with a view to changing my current residential home loan to a Buy to Let Yorkshire Building Society mortgage. The bank has said that I must appoint a conveyancer as part of the process. I got in contact with my previous Ravenscourt Park conveyancing firm who who completed the conveyancing when I initially purchased the premises. The pricing estimate e-mailed to me of £575 plus disbursements is surprising as its a refinance than a sale or purchase.
The charges are a tad high. If you you were to look around you may be able to get the conveyancing a bit cheaper by as much as £125. That being said, providing that you were content with the conveyancing the firm gave you mightlive to regret choosing an an unknown lawyer. If is important to enquire the firm can also act for Yorkshire Building Society. You can make use of our search tool to choose a Ravenscourt Park conveyancing firm on the Yorkshire Building Society conveyancing panel, which can often include conveyancing solicitors in Ravenscourt Park.
Our nephew is purchasing a new build apartment in Ravenscourt Park with a mortgage from Bank of Ireland. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do lenders provide you with an approved list of Ravenscourt Park conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Ravenscourt Park conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I acquired my house on 3 November and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Ravenscourt Park advises it will be registered in less than a month. Are transfers in Ravenscourt Park particularly slow to register?
As far as conveyancing in Ravenscourt Park registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. Currently approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be protracted delays. Registration takes place after the purchaser is living at the property so an expedited registration is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer can speak with the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Ravenscourt Park is the location of the property. Is there any guidance you can impart?
Flying freeholds in Ravenscourt Park are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ravenscourt Park you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ravenscourt Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm remortgaging my primary home to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are talking about is Ravenscourt Park. Will your lawyers be able to act for both sets of mortgage companies and link together the conveyances?
Do use our search tool on this page to ensure that the solicitors are approved by both lenders. Assuming that they are your conveyancer will be able to connect the two transactions but you should talk with you conveyancer and make clear your expectations and requirements.