I have just started taking steps with a view to changing my current residential mortgage to a Buy to Let Nottingham Building Society mortgage. I was told by my mortgage that I must appoint a conveyancer as part of the process. I got in contact with my previous Connahs Quay conveyancing practitioner who who completed the conveyancing when I originally purchased the premises. The quote they've given of £500 has taken me by surprise as its a refinance than a sale or purchase.
The costs illustration is slightly on the expensive side. If you you were to look around you could reduce the fees marginally by say a hundred pounds. That being said, assuming were happy with the legal work the firm provided you mightcome to rue opting for an a cheaper solicitor. Don't forget to check that the solicitor can act for Nottingham Building Society. Do use our search tool to locate a Connahs Quay conveyancing firm on the Nottingham Building Society conveyancing panel, which can often include conveyancing solicitors in Connahs Quay.
Our conveyancer has discovered a defect with the lease for the property we are purchasing in Connahs Quay. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that he must check that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
We are looking to buy a house and require a conveyancing solicitor in Connahs Quay who is on the Virgin Money conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Connahs Quay.
I bought my apartment on 16 March and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Connahs Quay expressed confidence that it would be registered in a couple of weeks. Are transfers in Connahs Quay uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Connahs Quay registration formalities. Rather than based on location, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any interested parties. Currently in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to longer delays. Historically registration occurs after the purchaser has moved in to the property thus 'speed' is not typically top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer can speak with the land registry and explain the circumstances.
How does conveyancing in Connahs Quay differ for newly converted properties?
Most buyers of new build property in Connahs Quay come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Connahs Quay typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Connahs Quay or who has acted in the same development.