I have just started taking steps with the intention of swapping over from my domestic loan to a Buy to Let Lloyds TSB Bank mortgage. I have been informed by my broker that I must appoint a solicitor for this. I got in contact with my former West Croydon conveyancing firm who who conducted the conveyancing when I originally acquired the house. The costs estimate e-mailed to me of £575 plus disbursements is surprising as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a tad steep. If you are content to spend time scrutinising quotes you may be able to get the conveyancing a bit cheaper by say a hundred pounds. That being said, assuming were satisfied with the legal work the firm gave you couldcome to regret choosing an an unknown solicitor. Don't forget to ensure that the solicitor can represent Lloyds TSB Bank. You can make use of our search tool to choose a West Croydon conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in West Croydon.
Can you clarify what the consequences are if my solicitor is suspended from the Santander Solicitor panel ahead of completing my conveyancing in West Croydon?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I purchased my home on 16 November and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in West Croydon advises it should be dealt with in less than a month. Are titles in West Croydon uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in West Croydon registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. As of today approximately 80% of submission are fully addressed within two weeks but some can be subject to protracted hold-ups. Historically registration is effected after the buyer is living at the premises so an expedited registration is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a flat up to £195,000 and identified one round the corner in West Croydon I like with a park and station nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in West Croydon in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I need to instruct a conveyancing solicitor for freehold conveyancing in West Croydon. I've chance upon a site which looks to be the ideal answer If it is possible to get all the legals done via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Online reading suggests that West Croydon solicitors are more costly than West Croydon conveyancers in West Croydon to use when purchasing a house. So is it better if I use a conveyancer or a solicitor if I am buying for my home move in West Croydon.
When it comes to conveyancing in West Croydon the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.