I am in the throes of porting my current residential home loan to a BTL Virgin Money mortgage. The bank has said that I require a lawyer as part of the process. I had a chat my past Virginia Water conveyancing solicitor who acted on my behalf when I initially purchased the property. The fee calculation supplied of £500 has surprised me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The costs illustration is fractionally on the steep side. Where you are willing to expend time scrutinising costs you may be able to get the conveyancing a bit cheaper by perhaps £125. That being said, providing that you were satisfied with the conveyancing the firm gave you mightlive to regret choosing an an untested conveyancer. If is important to be sure the firm can also act for Virgin Money. Do employ our search tool to select a Virginia Water conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Virginia Water.
If you had a top tip for selecting a conveyancing solicitor in Virginia Water what would it be?
Do not opt for the cheapest Virginia Water conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am buying a victorian detached house in Virginia Water. The intention is to an extension at the rear at the house.Will the conveyancing process include enquiries to ascertain if these alterations were previously refused?
Your solicitor will review the deeds as conveyancing in Virginia Water can on occasion reveal restrictions in the title deeds which restrict categories of alterations or need the consent of a 3rd party. Some extensions need local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be wise to check these things with a surveyor before you commit yourself to a purchase.
We have a mortgage agreed in principle with Lloyds. Virginia Water conveyancing solicitors have been chosen. What is the average time that one could expect to receive a mortgage offer from Lloyds?
Some lenders take longer than others. Have Lloyds done the survey? Have you advised Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I have a terraced Georgian property in Virginia Water. Conveyancing solicitor represented me and Nottingham Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Virginia Water and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who conducted the purchase.
I'm buying my first flat in Virginia Water with a loan from Norwich and Peterborough Building Society. The builders refused to budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not disclose to my conveyancer about this deal as it will adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been recommended by a number of estate agents in Virginia Water to find a property lawyer on your site. What’s the financial inducement for Estate Agents to recommend your lawyers ahead of a competitor’s?
We refuse to give any referral fee for sending work our way. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am purchasing a house and require a conveyancing solicitor in Virginia Water who is on the bank conveyancing panel. Could you point me in the right direction as regards a Virginia Water conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who carry out conveyancing in Virginia Water. We dont recommend any particular firm.