I have just started taking steps with the aim of switching my existing standard loan to a BTL Godiva Mortgages Ltd mortgage. I have been informed by my broker that I require a solicitor as part of the process. I spoke to the same Epping conveyancing practitioner who acted on my behalf when I originally bought the premises. The quote supplied of £575 plus disbursements has taken me by surprise as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little steep. If you shop around you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, if you were satisfied with the assistance the firm offered you maycome to rue opting for an an unknown solicitor. Remember to check the solicitor can represent Godiva Mortgages Ltd. Do use our search tool to choose a Epping conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Epping.
I am buying a semi-detached house in Epping. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Epping you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Epping.
My wife and I purchasing a end of terrace house in Epping. Our aim is to convert the garage to a playroom at the house.Will legal due diligence on the property involve checks to ascertain if these alterations are allowed?
Your solicitor will review the registered title as conveyancing in Epping will sometimes reveal restrictions in the title deeds which prevent certain works or require the permission of a 3rd party. Many additions need local authority planning consent and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these things with a surveyor before you commit yourself to a purchase.
We expect to receive a OIP from TSB this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Epping solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Epping solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I've digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Epping solicitor - who is on the RBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Epping postcode. As you are getting a mortgage with RBS, you could contact them to see if they have a list of approved surveyors in Epping.
My relative advised me that if I am purchasing in Epping I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Epping conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Epping around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Epping Education with maps and statistics, Local Amenities and other useful data regarding Epping.
I am using a search engine for the term cheap conveyancing in Epping it reveals numerous solicitorsin the vicinity. How do I determine which is the right conveyancer for my move?
The best way of finding the right conveyancer is via trusted testimonial, so ask colleagues and family who have purchased a property in Epping or a respected estate agent or financial adviser. Costs for conveyancing in Epping vary, so it's advisable to request a minimum of three fee calculations from varying types of conveyancers. Be sure to obtain confirmation that the costs are assured not to escalate.