I have just started taking steps with the intention of transferring my current residential home loan to a BTL Lloyds TSB Bank mortgage. I have been informed by my broker that I must appoint a solicitor for this. I got in contact with my past Hollywood conveyancing firm who acted on my behalf when I first bought the house. The costs estimate issued of £500 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The costs illustration is fractionally on the high side. If you shop around you might get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, assuming were pleased with the conveyancing the firm provided you couldcome to rue opting for an a cheaper conveyancer. If is important to ensure the firm can also act for Lloyds TSB Bank. Do employ our search tool to select a Hollywood conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Hollywood.
Is it correct that all Hollywood CQS (Conveyancing Quality Scheme) solicitors are on the Bank of Ireland conveyancing list of approved firms?
Some major banks and building societies now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
My fiancee and I are spending time looking at flats in Hollywood and I am now considering a potential offer. Should I already have a lawyer in place at this stage? I will be getting a home loan with Santander.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are taking out a mortgage with Santander, make sure you remember to check that your lawyer is on the Santander conveyancing panel.
About to purchase flat in Hollywood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hollywood solicitor is on the Principality conveyancing panel.
Me and my brother have a renovated Edwardian property in Hollywood. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hollywood and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who conducted the work.
Due to the guidance of my in-laws I had a survey completed on a property in Hollywood prior to instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not give a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hollywood. Conveyancing will be smoother if you use a solicitor in Hollywood especially if they are acquainted with such properties in Hollywood.
My husband and I are new to the buying process - agreed a price, yet the property agent told us that the owners will only issue a contract if we use the agent's recommended solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Hollywood
It is unlikely the owners are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Hollywood conveyancing solicitors - rather thanthe ones that will give the estate agent a referral fee or hit his conveyancing thresholds pre-set by head office.