I'm in the process of changing my current residential home loan to a BTL Alliance & Leicester mortgage. I have been informed by my broker that I must appoint a conveyancer as part of the process. I spoke to my past Seven Sisters conveyancing practitioner who who did the conveyancing when I initially acquired the house. The costs illustration supplied of £575 plus disbursements has taken me by surprise as its a refinance than a sale or purchase.
The charges seem a tad high. If you are prepared to spend time scrutinising quotes you could reduce the fees slightly by as much as £125. That being said, providing that you were satisfied with the legal work the firm provided you mightcome to rue opting for an an unknown lawyer. Don't forget to enquire the conveyancer can act for Alliance & Leicester . You can make use of our search tool to select a Seven Sisters conveyancing firm on the Alliance & Leicester conveyancing panel, which can often include conveyancing solicitors in Seven Sisters.
I am approaching an exchange on a flat in Seven Sisters and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been received from someone other than me my lawyer needs to make a notification to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The property lawyer is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a post code search directory identifying firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I appoint them for our conveyancing in Seven Sisters?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Seven Sisters.
I'm the only recipient of my late father’s will and I have everything in my name alone, including the my former home in Seven Sisters. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in January. Do I have to wait 6 months to sell?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view banks take of it, depend on the mortgage company as this requirement is principally there to capture subsales or the quick reselling of properties.
Completion of my remortgage has taken place for my property in Seven Sisters. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
My offer on a house in Seven Sisters has been accepted, but there is a chain. The owners have offered on a property, however it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Seven Sisters. What should be my next step? When should I get the mortgage application with Virgin Money started?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of one thousand pounds, then survey, Seven Sisters conveyancing search charges, etc). The first thing to do is ensure that your conveyancer is on the Virgin Money conveyancing panel. Regarding the next phase this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a rising market the majority of buyers would apply for a home loan with Virgin Money and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to move forward with searches.
I opted to have a survey completed on a property in Seven Sisters prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may not give a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check via 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 Seven Sisters. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are planning to lease a unit on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Seven Sisters for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Seven Sisters, including the sale and purchase of businesses as well as simply property. If you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the charges these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or phone us so that we may provide you with a fixed commercial conveyancing calculation.