I have just started taking steps with the intention of transferring my current residential loan to a BTL Bank of Ireland mortgage. The bank has said that I require a solicitor for this. I spoke to the same Steyning conveyancing firm who who conducted the conveyancing when I first bought the house. The quote supplied of £500 is surprising as its a remortgage than a sale or purchase.
The estimate fees are a little high. If you you were to look around you may be able to reduce the fees marginally by say a hundred pounds. That being said, if you were content with the service the firm offered you maycome to regret choosing an an unknown solicitor. If is important to enquire that the solicitor can also act for Bank of Ireland. Do employ our search tool to find a Steyning conveyancing firm on the Bank of Ireland member panel, which can often include conveyancing solicitors in Steyning.
The Steyning conveyancing firm handling our Steyning conveyancing has uncovered a difference when comparing the information in the valuation survey and what is in the legal papers for the property. My lawyer informs me that he is duty bound to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am selling my house in Steyning. Does the solicitor have to be required to be on the Skipton conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Steyning?
Two types of professional can do conveyancing in Steyning namely CLC regulated conveyancers or solicitors. The two can handle the legal services that required to complete the disposal or acquisition of property. They are both obliged to conduct Steyning conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be properly administered and that all requisite procedures should be suitably followed.
We previously appointed conveyancers located in Steyning on the Yorkshire BS solicitor approved list. They are now charging me a supplemental sum for the legal aspects of the Yorkshire BS mortgage. Is this an additional conveyancing fee specified by Yorkshire BS?
Provided it is contained in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. The fee is not set by Yorkshire BS but by your Steyning solicitor. Plenty of firms on the Yorkshire BS panel will charge ’dealing with mortgage’ fee and others do not.
My partner and I have organised the release of further monies on our mortgage from Skipton as we intend to carry out alterations to our house in Steyning. Are we obliged to choose a local Steyning solicitor on the Skipton conveyancing panel to deal with the legals?
Skipton don't usually instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton list.
A friend recommended that where I am purchasing in Steyning I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Steyning conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Steyning around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Steyning Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Steyning.
Due to the input of my in-laws I had a survey completed on a house in Steyning ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Steyning. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Steyning to see if the conveyancing costs will increase in light of this.