I have just started taking steps with a view to changing my domestic home loan to a BTL Bank of Ireland mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I got in contact with my previous Watlington conveyancing solicitor who who did the conveyancing when I previously purchased the premises. The quote sent of £470 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The estimate fees appear a bit high. If you you were to look around you could get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, if you were satisfied with the service the firm provided you mightcome to rue opting for an an untested solicitor. If is important to enquire the conveyancer can represent Bank of Ireland. You can use our search tool to get a quote a Watlington conveyancing firm on the Bank of Ireland approved list of lawyers, which can often include conveyancing solicitors in Watlington.
We have a mortgage agreed in principle with Lloyds. Watlington conveyancing solicitors have been chosen. How long does it take for Lloyds to forward the offer to the lawyer?
Some lenders take longer than others. Have Lloyds completed the valuation? Have you informed 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 offer was accepted on a property in Watlington on 19/2/2025, valuation was booked 3 days later, received a clean bill of health. Solicitor appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Aldermore and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Aldermore conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our sealed bid on a house in Watlington has been accepted, but there is a chain. The owners have offered on on an apartment, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have instructed a nearby conveyancing solicitor in Watlington. What do I do now? When do I get the mortgage application with Barclays going?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Watlington conveyancing search charges, etc). The first thing to do is check that your property lawyer is on the Barclays approved list. Regarding the subsequent stages this very much depends on the specifics of your transaction, desire for this property and on the state of the market. In a hot market the majority of buyers will apply for a home loan with Barclays and pay for the valuation and only if it comes back ok would they ask their lawyer to proceed with searches.
I require quick conveyancing in Watlington as I have an ultimatum to sign on the dotted line within 4 weeks. Luckily I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a cash purchaser you are at free not to do searches although no law firm would advise that you don't. Drawing on our experience of conveyancing in Watlington the following are examples of issues that can appear and therefore affect future mortgageability: Enforcement Actions, Outstanding Fees, Overdue Grants, Railway Schemes,...
five months have gone by following my purchase conveyancing in Watlington took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Watlington differ for newly converted properties?
Most buyers of new build premises in Watlington approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Watlington tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Watlington or who has acted in the same development.
Are there any apps to help find a Watlington conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 25kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Watlington and you will see a number of lawyer located nearest Watlington. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.