I have just started taking steps with the aim of changing my domestic mortgage to a BTL Santander mortgage. The bank has said that I must appoint a conveyancer for this. I spoke to my past Frampton Cotterell conveyancing solicitor who dealt with the legals when I previously bought the premises. The costs illustration they've given of £575 plus disbursements has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate fees seem a tad high. If you are content to spend time comparing prices you could get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, assuming were pleased with the conveyancing the firm offered you mightlive to regret opting for an an unknown conveyancer. Remember to enquire that the solicitor can act for Santander. Do use our search tool to choose a Frampton Cotterell conveyancing firm on the Santander approved list of lawyers, which can often include conveyancing solicitors in Frampton Cotterell.
I am the registered owner of a freehold property in Frampton Cotterell but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Frampton Cotterell and has limited impact for conveyancing in Frampton Cotterell but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
How does conveyancing in Frampton Cotterell differ for new build properties?
Most buyers of new build property in Frampton Cotterell come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Frampton Cotterell tend to buy the land, 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 accustomed to new build conveyancing in Frampton Cotterell or who has acted in the same development.
Taking into account that I am about to spend over three hundred thousand on a property in Frampton Cotterell I would like to have a conversation with the lawyer about mytransaction prior to instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your property ownership legalities in Frampton Cotterell.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Frampton Cotterell should be the figure that you end up paying.
I need to instruct a conveyancing solicitor for my conveyancing in Frampton Cotterell. I happened to chance upon a site which appears to be the perfect offering If it is possible to get all this stuff done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?