I am in the throes of porting my current residential loan to a BTL The Royal Bank of Scotland mortgage. The bank has said that I must appoint a lawyer as part of the process. I had a chat my previous West Heath conveyancing solicitor who acted on my behalf when I originally purchased the house. The costs illustration supplied of £470 is surprising as its a remortgage than a sale or purchase.
The estimate does seem a little overpriced. Where you are willing to expend time scrutinising quotes you might decrease the fees marginally by say £125. That being said, if you were content with the service the firm provided you mightcome to rue choosing an an untested solicitor. If is important to check the firm can represent The Royal Bank of Scotland. You can employ our search tool to find a West Heath conveyancing firm on the The Royal Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in West Heath.
Finally the sale completed on my house in West Heath last June yet the purchaser is texting daily to say his lawyer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Following your sale your solicitor is duty bound to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where relevant, your solicitor must also confirm that the home loan has been repaid to the purchasers conveyancers. There are no post completion procedures just for conveyancing in West Heath.
I am buying a flat and require a conveyancing solicitor in West Heath who is on the Leeds Building Society solicitor. Could you point me in the right direction as regards a 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 Leeds Building Society in certain locations such as West Heath. We dont recommend any particular firm.
It has been four months since my purchase conveyancing in West Heath concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 property 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 West Heath differ for newly converted properties?
Most buyers of new build premises in West Heath come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in West Heath tend to purchase 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 conveyancers 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 accustomed to new build conveyancing in West Heath or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. West Heath is the location of the property. Can you shed any light on this issue?
Flying freeholds in West Heath are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Heath you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Heath 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 property.