I am in the throes of porting my current homeowner loan to a BTL Birmingham Midshires mortgage. I have been informed by my broker that I require a conveyancer as part of the process. I had a chat the same Towcester conveyancing practitioner who acted on my behalf when I initially bought the house. The quote issued of £500 is surprising as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate does seem a little overpriced. If you are prepared to invest time comparing prices you might get the conveyancing a bit cheaper by as much as £125. On the other hand, assuming were happy with the service the firm provided you mightcome to rue opting for an a cheaper solicitor. If is important to be sure the firm can also act for Birmingham Midshires. You can utilise our search tool to locate a Towcester conveyancing firm on the Birmingham Midshires conveyancing panel, which can often include conveyancing solicitors in Towcester.
I am the registered owner of a freehold premises in Towcester but still pay rent, why is this and what is this?
It is rare for properties in Towcester and has limited impact for conveyancing in Towcester but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Towcester. Do I collect the keys to the premises on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Towcester?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you should be invited to pick up the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
How can we know in advance if a Towcester conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Towcester obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer handling your conveyancing.
The formalities of my remortgage has taken place for my property in Towcester. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies 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 partner and I are downsizing from our home in Towcester and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Towcester conveyancer would know this is not the case. It does beg the question why the purchasers are using an online conveyancing outfit as opposed to a conveyancing solicitor in Towcester. We have lived in Towcester for 4 years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I have recentlyfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Towcester for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Towcester conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a property in Towcester in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend not give a mortgage on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. 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 Towcester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Towcester to see if the conveyancing costs will increase in light of this.