I'm in the process of changing my existing standard loan to a BTL The Mortgage Works mortgage. I have been informed by my broker that I must appoint a solicitor for this. I had a chat my past Stamford conveyancing practitioner who dealt with the legals when I originally purchased the premises. The quote supplied of £500 has taken me by surprise as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little overpriced. If you you were to look around you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, assuming were content with the assistance the firm offered you couldcome to regret choosing an a cheaper solicitor. If is important to check the solicitor can represent The Mortgage Works. Do use our search tool to get a quote a Stamford conveyancing firm on the The Mortgage Works member panel, which can often include conveyancing solicitors in Stamford.
I require conveyancing for an apartment in a fairly new development (6 years old) in Stamford. 95% of the flats are already disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Stamford?
You are opening yourself up to an unnecessary risk in refusing to carrying out Stamford conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in no uncertain terms that you have them. If timings and driving down costs are top of your issues you should discuss with your conveyancer about the option of search insurance
As someone clueless as to the Stamford conveyancing process what’s your top tip you can give me concerning the ownership transfer in Stamford
You may not hear this from too many lawyers but conveyancing in Stamford or throughout Lincolnshire is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the legal transfer of property. For example, the seller, selling agent and on occasion the lender. Choosing a law firm for your conveyancing in Stamford is a critical decision as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to act in your legal interests and to protect you.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your conveyancer ahead of the other parties when it comes to the legal assignment of property.
Is there a search tool that I can utilise to investigate if the solicitor conducting my conveyancing in Stamford is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £187.00 plus VAT in further legal fees.
You should take advantage of the find a conveyancing panel solicitor tool on this page. Pick the mortgage company and type ‘Stamford’ or your preferred area and you will discover numerous solicitors based in Stamford or nearest you.
Is it best to instruct a Stamford conveyancing practitioner who is local to the property I am buying? I have an old university friend who can carry out the conveyancing however his firm is located 200miles drive away.
The primary upside of using a local Stamford conveyancing firm is that you can drop in to sign documents, hand in your ID and apply pressure on them where appropriate. Having local Stamford know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were impressed that should surpass using an unfamiliar Stamford conveyancing solicitor solely due to them being local.
My wife and I are FTB’s just having agreed a price on a property in Stamford, and need to get solicitors lined up. I have utilised the numerous rating tools and the fee estimates are from all across the country. Is it necessary to have a Stamford solicitor local to our prospective property? We are happy to do all the communicating electronically, but I am thinking at some point we will need to attend the lawyer's office to sign contracts?
The lawyer does not need to be in Stamford, but choosing local means that you can attend their offices if you need to, for instance, if a signature is immediately necessary. Also, a Stamford solicitor have established relationships with local agents and (if the vendor has chosen a local property lawyer) with them, which should help smooth the process.