I have just started taking steps with the aim of transferring my domestic loan to a Buy to Let The Mortgage Works mortgage. I have been informed by my broker that I require a solicitor as part of the process. I had a chat my former Bishops Castle conveyancing solicitor who acted on my behalf when I initially acquired the premises. The pricing estimate 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 fees appear a tad high. Where you are prepared to expend time contrasting prices you may be able to decrease the fees slightly by as much as a hundred pounds. On the other hand, if you were pleased with the legal work the firm offered you mightcome to regret opting for an an unknown lawyer. Remember to check the solicitor can also act for The Mortgage Works. You can make use of our search tool to select a Bishops Castle conveyancing firm on the The Mortgage Works member panel, which can often include conveyancing solicitors in Bishops Castle.

Do the conveyancing lawyers identified via your search tool conduct conveyancing in Bishops Castle by way of an attended exchange?

We do have a number of conveyancing experts carrying out personalised exchanges. Do call us to obtain a fee calculation and details as to dates.

My brother-in-law has suggested I instruct a conveyancing solicitor in Bishops Castle. I I would like to check if they are on the Lloyds TSB Bank approved list of lawyers. Can you help?

You should call the lawyer and enquire whether they are on the lender panel. Otherwise please get in touch with Lloyds TSB Bank who may be able to confirm.

three months have gone by following my purchase conveyancing in Bishops Castle took place. I have checked the Land Registry site which shows that I paid £150,000 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 asset 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.

What are the frequently found problems that you come across in leases for Bishops Castle properties?

Leasehold conveyancing in Bishops Castle is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain sections are not included. The following missing provisions could result in a defective lease:

Repairing obligations to or maintain parts of the property A duty to insure the building

A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Bank of Scotland, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to pull out.

Leasehold Conveyancing in Bishops Castle - A selection of Questions you should consider Prior to Purchasing

Please note if it is no more than eighty years it will impact the value of the property. Check with your bank that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you would need to own the property for a couple of years in order to be entitled to extend the lease. Are any of leasehold owners in dispute over their service charge liability? You should want to discover as much as possible about the company managing the building as they can either make your life much simpler or uncomfortable. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to practical issues like the tidiness of the common parts. Enquire of other tenants what they think of their service. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the appropriate party and specifically how they are spending that money.