I'm in the process of transferring my current residential loan to a Buy to Let Birmingham Midshires mortgage. I was told by my mortgage that I must appoint a lawyer as part of the process. I had a chat my previous Westbourne conveyancing firm who dealt with the legals when I initially acquired the property. The costs estimate e-mailed to me of £575 plus disbursements has surprised me as its a refinance than a sale or purchase.
The estimate does seem a little overpriced. If you you were to look around you might get the conveyancing a bit cheaper by say £125. That being said, assuming were satisfied with the service the firm gave you couldlive to regret choosing an an unknown lawyer. If is important to enquire the solicitor can also act for Birmingham Midshires. Do use our search tool to choose a Westbourne conveyancing firm on the Birmingham Midshires conveyancing panel, which can often include conveyancing solicitors in Westbourne.
My husband and I intend to remortgage our maisonette in Westbourne with Leeds Building Society. We have a son approaching twenty who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two questions (1) Is this form unique to the Leeds Building Society conveyancing panel as he never had to sign this form when we bought 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society. This is solely used to protect Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
We are planning to purchase with Norwich and Peterborough Building Society. I popped in a few high street solicitors but cant to find a Westbourne conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you help?
You should make the most of the search tool on this page. Pick the mortgage company and type Westbourne or your preferred area and you will be presented with a number of lawyer offices in Westbourne or nearest you.
I am purchasing a house and the solicitor has referenced Chancel Repair to which the property may be liable as it falls into the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Westbourne
Unless a previous acquisition of the house completed after 12 October 2013 you could take it that lawyers conducting conveyancing in Westbourne to continue to advocate a chancel search and or chancel repair liability insurance.
I am buying my first flat in Westbourne with a loan from Norwich and Peterborough Building Society. The builders refused to move on the price so I negotiated 6k of extras instead. The estate agent told me not to tell my conveyancer about this deal as it could affect my mortgage with Norwich and Peterborough Building Society. Should I keep quiet?.
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 pointed in your direction by numerous estate agents in Westbourne to find a solicitor using your seach tool. Is there a financial inducement for Estate Agents to market your services ahead of another?
We refuse to give any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.