I am in the throes of changing my current residential mortgage to a Buy to Let Barclays mortgage. The bank has said that I require a conveyancer as part of the process. I had a chat the same Seaton conveyancing solicitor who who did the conveyancing when I first purchased the property. The costs illustration they've given of £450 plus VAT has shocked me as its a refinance than a sale or purchase.
The estimate fees seem a tad high. If you are happy to spend time scrutinising costs you may be able to decrease the fees marginally by say £100 plus VAT. On the other hand, providing that you were happy with the assistance the firm gave you couldlive to rue choosing an an unknown lawyer. If is important to ensure that the conveyancer can act for Barclays . You can employ our search tool to choose a Seaton conveyancing firm on the Barclays conveyancing panel, which can often include conveyancing solicitors in Seaton.
I purchased a freehold residence in Seaton but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Seaton and has limited impact for conveyancing in Seaton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My wife and I are buying a house in Seaton. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We previously selected solicitors locally in Seaton on the Santander solicitor approved list. They have just billed me an additional sum for handling the Santander mortgage. Is this a supplemental conveyancing fee specified by Santander?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. This fee is not set by Santander but by your Seaton lawyer. Some firms on the Santander panel will levy an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
We were going to get a AIP from Nottingham this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Seaton solicitors on the Nottingham conveyancing panel, or is it better to go independently?
You will need to appoint Seaton solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
My wife and I purchased a renovated Edwardian property in Seaton. Conveyancing solicitor represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Birmingham Midshires to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Seaton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who completed the work.
I'm remortgaging my primary home to a BTL loan with Aldermore and I will use the ballance of the raised equity as a down payment on further property. The location we are looking at is Seaton. Will your conveyancers be able to act for both sets of lenders and tie in the transactions?
Make use of our comparison tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you solicitor and make clear your expectations and needs.
In my capacity as executor for the estate of my grandfather I am selling a house in Neath but I am based in Seaton. My conveyancer (approximately 300 miles awayneeds me to sign a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Seaton to attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Seaton based