I'm in the process of porting my existing standard home loan to a BTL Bank of Scotland mortgage. I have been informed by my broker that I must appoint a solicitor as part of the process. I spoke to my former Bradford conveyancing practitioner who dealt with the legals when I first acquired the premises. The quote e-mailed to me of £575 plus disbursements has taken me by surprise as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate does seem a tad overpriced. Where you are happy to expend time contrasting costs you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, assuming were happy with the assistance the firm offered you maylive to regret opting for an an untested conveyancer. Don't forget to ensure the solicitor can represent Bank of Scotland. You can make use of our search tool to choose a Bradford conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Bradford.
My husband and I are acquiring a newly constructed apartment in Bradford and my lawyer is informing me that she has to the mortgage company to reveal incentives from the developer. I am under pressure to exchange and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Bradford I like with a park and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Bradford suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Taking into account that I am about to spend 450k on a property in Bradford I wish to talk to a lawyer concerning thehome move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your conveyancing in Bradford.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Bradford should be the figure that you are charged.
As co-executor for the estate of my aunt I am disposing of a property in Monmouth but live in Bradford. My conveyancer (who is 235 miles from meneeds me to execute a stat dec before completion. Could you suggest a conveyancing solicitor in Bradford who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Bradford