I have just started taking steps with the aim of swapping over from my existing standard loan to a BTL Clydesdale mortgage. I was told by my financial advisor that I require a lawyer for this. I had a chat my past Thatcham conveyancing solicitor who acted on my behalf when I previously bought the house. The costs illustration provided of £550 has surprised me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little steep. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, providing that you were pleased with the legal work the firm gave you mightlive to rue opting for an an untested solicitor. Don't forget to ensure the conveyancer can also act for Clydesdale. You can make use of our search tool to choose a Thatcham conveyancing firm on the Clydesdale conveyancing panel, which can often include conveyancing solicitors in Thatcham.
I have decided to exercise my right to buy my property in Thatcham off the council. I have a mortgage offer with UBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
Completion of my remortgage has taken place for my property in Thatcham. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Intending to buy a apartment in Thatcham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Thatcham solicitor is on the Nationwide conveyancing panel.
I moved into my house on 6 February and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Thatcham said it should be recorded in less than a month. Are properties in Thatcham particularly slow to register?
As far as conveyancing in Thatcham registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry need to notify any 3rd parties. Currently roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Registration occurs once the buyer is living at the property thus an expedited registration is not usually primary concern but where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build flat in Thatcham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Thatcham
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared.
Should I be concerned that estate agents that I am dealing with are suggesting an internet conveyancing firm rather than a High Street Thatcham conveyancing company?
As is the case with many service providers, often input from connections can be very helpful. But there are many players in a conveyancing deal; estate agents, financial adviser and lenders may suggest solicitors to instruct. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the discretion to appoint your preferred lawyer. Don't forget that some lenders have an approved list of law firms you are obliged to use for the lender aspect of your transaction.
Am I best advised to instruct a Thatcham conveyancing practitioner based in the area that I am buying? An old friend can deal with the legal work but his firm is located a couple of hundredmiles drive away.
The benefit of a local Thatcham conveyancing practice is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were happy that should outweigh using an unfamiliar Thatcham conveyancing lawyer just because they are based in the area.