I'm in the process of porting my existing standard mortgage to a BTL Godiva Mortgages Ltd mortgage. I was told by my mortgage that I need a lawyer for this. I got in contact with my former Bedminster conveyancing firm who acted on my behalf when I initially purchased the house. The costs illustration e-mailed to me of £450 plus VAT has surprised me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate does seem a little steep. If you shop around you might reduce the fees slightly by say £125. That being said, assuming were pleased with the service the firm provided you maylive to rue choosing an an untested lawyer. Don't forget to enquire the solicitor can also act for Godiva Mortgages Ltd. You can use our search tool to find a Bedminster conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Bedminster.
We are purchasing a house and require a conveyancing solicitor in Bedminster who is on the Coventry BS approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Bedminster.
This question may be naive but I am new to the house moving as FTB of a garden flat in Bedminster. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will appoint a local conveyancing solicitor in Bedminster?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be invited to receive the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.
Is there a list of TSB panel solicitors in Bedminster on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. Very few lending institutions make their panel listings open the public over the internet. Where you are in need of a Bedminster lawyer on the TSB please use our facility.
We previously selected solicitors based in Bedminster on the Kent Reliance solicitor panel. They are now charging me a separate sum for dealing with the Kent Reliance mortgage. Is this an additional conveyancing fee specified by Kent Reliance?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your solicitor can levy a fee for this. The charge is not dictated by Kent Reliance but by your Bedminster solicitor. Some firms on the Kent Reliance panel will levy an ‘acting for lender’ fee and others do not.
It has been 2 months since my purchase conveyancing in Bedminster concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
I'm purchasing my first flat in Bedminster with a loan from Aldermore. The builders refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my conveyancer about the deal as it could jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.