I'm in the process of switching my domestic mortgage to a BTL HSBC Bank mortgage. The bank has said that I must appoint a solicitor as part of the process. I spoke to my former Bridport conveyancing practitioner who dealt with the legals when I first bought the property. The fee estimate e-mailed to me of £470 is surprising as its a remortgage than a sale or purchase.
The estimate does seem a tad steep. If you are prepared to invest time scrutinising prices you might get the conveyancing a bit cheaper by as much as £125. That being said, providing that you were happy with the conveyancing the firm gave you couldcome to rue opting for an an unknown lawyer. Don't forget to ensure that the conveyancer can represent HSBC Bank. Do utilise our search tool to locate a Bridport conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Bridport.
I am about to put a bid on a leasehold property in Bridport. The selling agents assure me that it is normal for flats in Bridport to have less than 75 years remaining. I am taking out a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has Seventy One years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/4/2024 the requirements read as follows :
We are aiming to move property in June. Should my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you suggest a removal company in Bridport. Conveyancing firm was chosen prior to coming across your site.
On the afternoon of completion you can collect the keys from your property agent but this can only be done once the vendors lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. Subsequently you can tell the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can assist you in locating a residential property solicitor in Bridport or a legal practice that specialises in conveyancing in Bridport.
Can you point me to a directory of Lloyds panel conveyancers in Bridport on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings visible over the internet. Where you are looking for a Bridport lawyer on the Lloyds please make the most of our tool.
Completion of my purchase has taken place for my property in Bridport. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I am purchasing a new build house in Bridport with the aid of help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The house builders rep told me not inform my conveyancer about this deal as it would affect my loan with the lender. Should I keep quiet?.
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.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Bridport I like with amenity areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Bridport suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.