I am in the throes of switching my current homeowner mortgage to a Buy to Let Halifax mortgage. I was told by my mortgage that I must appoint a lawyer as part of the process. I got in contact with the same Chulmleigh conveyancing practitioner who dealt with the legals when I originally acquired the premises. The pricing estimate issued of £550 is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The quote is slightly on the steep side. If you shop around you could trim some of the expense by say £100 plus VAT. On the other hand, assuming were content with the assistance the firm gave you maycome to rue choosing an an unknown conveyancer. If is important to be sure that the firm can represent Halifax. You can employ our search tool to get a quote a Chulmleigh conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Chulmleigh.
We previously selected solicitors locally in Chulmleigh on the RBS solicitor panel. They are now charging me a separate amount for handling the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer is entitled to levy a fee for this. This fee is not set by RBS but by your Chulmleigh solicitor. Plenty of firms on the RBS panel will quote ’dealing with mortgage’ fee but many practices include it on their overall fee.
My husband and I have organised a further advance on our mortgage from Principality as we wish to carry out alterations to our property in Chulmleigh. Do we need to appoint a high street Chulmleigh solicitor on the Principality conveyancing panel to deal with the legals?
Principality do not ordinarily appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality list.
I recently had an offer agreed on an apartment in Chulmleigh. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. A few days later, the property lawyer called me sheepishly admitting that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chulmleigh?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Chulmleigh. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Chulmleigh with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about the extras as it could affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.