Last month we had a mortgage agreed in principle with Principality. Bridlington conveyancing lawyers have been appointed. How long does it take for Principality to issue the offer to the property lawyer?
Some lenders take longer than others. Have Principality done the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My fiancee and I are in the throws of looking at houses in Bridlington and I am now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Kent Reliance.
It would be wise to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are obtaining a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
Co-operative have agreed my home loan in principle, my offer on a flat in Bridlington has been accepted, now what?
Your estate agent will want to know who your solicitors are (ensure that the solicitors are on the bank’s panel). Contact Co-operative or the financial adviser and finalise any outstanding documentation. Co-operative will appoint a valuer who will get in touch with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a week to get a mortgage offer. Co-operative will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bridlington.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Bridlington I like with open areas and station nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Bridlington in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
How difficult is it to switch solicitor as I have to retain one who is on the The Royal Bank of Scotland conveyancing panel. I had appointed a local conveyancing solicitor in Bridlington round the corner but she is not accepted by The Royal Bank of Scotland
It would be our pleasure to assist you select a conveyancing solicitor in Bridlington on the The Royal Bank of Scotland panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Bridlington. In utilising the find a conveyancing solicitor tool on this website, you can compare fees for conveyancing solicitors in Bridlington and beyond.
Is it best to go with a Bridlington conveyancing solicitor in close proximity to the house I am buying? An old friend can perform the legal formalities but his firm is located over three hundred miles drive away.
The primary upside of using a high street Bridlington conveyancing firm is that you can attend the office to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local Bridlington know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were happy that must surpass using an unknown Bridlington conveyancing lawyer just because they are Bridlington based.
When it comes to my conveyancing in Bridlington should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Bridlington conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.