I'm in the process of changing my current homeowner mortgage to a BTL Godiva Mortgages Ltd mortgage. The bank has said that I must appoint a conveyancer as part of the process. I had a chat my past Red Lodge conveyancing firm who dealt with the legals when I initially acquired the premises. The fee calculation issued of £450 plus VAT is surprising as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The quote is fractionally on the steep side. If you you were to look around you might trim some of the expense by as much as a hundred pounds. On the other hand, providing that you were pleased with the assistance the firm gave you maylive to rue opting for an a cheaper conveyancer. Remember to enquire the solicitor can represent Godiva Mortgages Ltd. You can employ our search tool to get a quote a Red Lodge conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Red Lodge.
Last May we completed a house move in Red Lodge. We have since encountered a number of issues with the property which we suspect were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been ordered as part of conveyancing in Red Lodge?
The query is vague as to the nature of the problems and if they are unique to conveyancing in Red Lodge. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor fills in a form known as a SPIF. If the information is misleading, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Red Lodge.
In what way does my ID and proof of funds have anything to do with my conveyancing in Red Lodge? Why is this being asked of me?
Red Lodge conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Proof of the origin of funds is also required in accordance with the money laundering laws as solicitors are duty bound to ensure that the funds you are utilising to buy a property (whether it be the deposit for exchange or the full purchase price if you are buying without a mortgage) has originated from an acceptable source (such as employment savings) rather than the proceeds of criminal behaviour.
Due to the encouragement of my in-laws I had a survey completed on a house in Red Lodge in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to give a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Red Lodge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Red Lodge to see if the conveyancing will be more expensive.
My husband and I are first time buyers - had an offer accepted, yet the estate agent advised that the vendor will only proceed if we appoint their preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Red Lodge
It is highly unlikely the sellers are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Red Lodge conveyancing firm - not the ones that will give the estate agent a introducer fee or meet his conveyancing figures pre-set by senior management.
What type of property do your Red Lodge conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard domestic homes in England & Wales. Should you have any different requirements for example industrial or agricultural land or commercial conveyancing in Red Lodge please contact us to address this further .