I have just started taking steps with the aim of switching my existing standard mortgage to a Buy to Let Britannia mortgage. The bank has said that I require a conveyancer for this. I got in contact with the same Whaley Bridge conveyancing solicitor who who conducted the conveyancing when I first purchased the house. The fee estimate e-mailed to me of £550 has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The quote is slightly on the high side. If you shop around you may be able to decrease the fees marginally by say a hundred pounds. That being said, assuming were pleased with the conveyancing the firm provided you couldlive to regret opting for an a cheaper solicitor. Don't forget to be sure that the firm can represent Britannia. You can employ our search tool to select a Whaley Bridge conveyancing firm on the Britannia conveyancing panel, which can often include conveyancing solicitors in Whaley Bridge.
What does my ID and proof of funds have anything to do with my conveyancing in Whaley Bridge? What am I being asked for?
Whaley Bridge conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Proof of source of monies is also necessary under the money laundering laws as conveyancers are duty bound to check that the money you are using to acquire a property (be it the exchange deposit or the full purchase amount if you are buying mortgage free) has come from an acceptable source (such as employment savings) and is not the proceeds of illegitimate activity.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Whaley Bridge with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I'm the sole beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Whaley Bridge. Conveyancing formalities meant that the Land Registry date was in March. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership will be treated the same way as if I'd bought the house in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement is chiefly there to identify the purchase and immediately sell or the quick reselling of properties.
After much negotiation I have agreed a price on an apartment in Whaley Bridge. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £175. A couple of days later, the conveyancer contacted me sheepishly admitting that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Whaley Bridge is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Whaley Bridge is the location of the property. Can you offer any opinion?
Flying freeholds in Whaley Bridge 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 Whaley Bridge you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whaley Bridge may ascertain 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 residence.
I need to find a conveyancing solicitor for residential conveyancing in Whaley Bridge. I have discover a site which appears to be the ideal solution If there is a chance to get all this stuff done via web that would be ideal. Do I need to be concerned? 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?