My best friend’s brother is a conveyancer. I am hopeful that I can be offered mate’s fee for conveyancing, However if that does not come materialise, what kind of costs should I be paying for conveyancing in Shropshire?
It’s prudent to obtain 3 or more like-for-like conveyancing estimates. Do use our comparison tool on this page. You will notice that quotes may vary but the service one can expect differ between solicitors as is the case with most professions.
When it comes to lenders such as Yorkshire BS, do Shropshire property lawyers incur a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am buying a property in Shropshire. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
As you are obtaining a mortgage with Nottingham your lawyer must check the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to Nottingham where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Shropshire.
I currently have a mortgage with Barclays for my property in Shropshire. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
You must advise Barclays 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 permit you to let 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. It should not be necessary to do this via a Barclays conveyancing panel lawyer.
It has been 3 months since my purchase conveyancing in Shropshire took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Shropshire differ for new build properties?
Most buyers of new build property in Shropshire contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Shropshire typically purchase the site, 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 used to new build conveyancing in Shropshire or who has acted in the same development.
I opted to have a survey completed on a house in Shropshire prior to instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shropshire. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shropshire to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Shropshire. I have discover a site which looks to be the ideal answer If it is possible to get all the legals done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?