I'm in the process of transferring my current homeowner loan to a Buy to Let Clydesdale mortgage. I have been informed by my broker that I require a lawyer as part of the process. I got in contact with my past West Barnes conveyancing firm who dealt with the legals when I previously bought the premises. The costs illustration they've given of £470 is surprising as its a remortgage than a sale or purchase.
The quote is fractionally on the expensive side. If you you were to look around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, providing that you were pleased with the assistance the firm offered you couldcome to regret choosing an an untested conveyancer. Remember to check that the firm can represent Clydesdale. You can employ our search tool to locate a West Barnes conveyancing firm on the Clydesdale member panel, which can often include conveyancing solicitors in West Barnes.
I own a freehold house in West Barnes but still charged rent, why is this and what is this?
It is rare for properties in West Barnes and has limited impact for conveyancing in West Barnes 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Is there a list of UBS panel solicitors in West Barnes on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few mortgage companies make their panel listings viewable over the internet. If you are in need of a West Barnes property lawyer on the UBS please use our facility.
Planning on purchasing a flat in West Barnes. 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 Coventry BS 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 West Barnes solicitor is on the Coventry BS conveyancing panel.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local West Barnes solicitor - who is on the Principality conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your West Barnes postcode. As you are getting a mortgage with Principality, you could contact them to see if they have a list of approved surveyors in West Barnes.
Do I need to take out insurance to address the risk of chancel repairs when buying a house in West Barnes?
Unless a prior acquisition of the house took place after 12 October 2013 you could expect solicitors conducting conveyancing in West Barnes to continue to advocate a chancel search and or chancel repair liability policy.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. West Barnes is where the house is located. Is there any guidance you can impart?
Flying freeholds in West Barnes are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Barnes you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Barnes may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is it possible to swap conveyancer as I need to retain a firm on the Platform Home Loans Ltd conveyancing panel. I hired a family conveyancing solicitor in West Barnes round the corner but she is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in West Barnes on the Platform Home Loans Ltd panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in West Barnes. In making use of search facility on this website, you can scrutinise costs for conveyancing solicitors in West Barnes and beyond.