I have just started taking steps with the aim of swapping over from my domestic home loan to a Buy to Let Alliance & Leicester mortgage. The bank has said that I need a solicitor as part of the process. I got in contact with my past Kemp Town conveyancing solicitor who dealt with the legals when I previously acquired the house. The quote they've given of £450 plus VAT is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a tad steep. If you shop around you could reduce the fees slightly by say £125. That being said, providing that you were happy with the legal work the firm offered you mightcome to rue choosing an a cheaper conveyancer. Don't forget to enquire the firm can also act for Alliance & Leicester . Do use our search tool to find a Kemp Town conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Kemp Town.
Can you point me to a directory of TSB panel solicitors in Kemp Town on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. Very few lending institutions make their panel listings available online. If you are in need of a Kemp Town property lawyer on the TSB please use our facility.
My wife and I have arranged the release of further monies on our home loan from Leeds Building Society as we intend to carry out alterations to our home in Kemp Town. Do we need to select a nearby Kemp Town solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?
Leeds Building Society would not normally require 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 Leeds Building Society conveyancing panel.
I am buying a property in Kemp Town. An unusual aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Bank of Ireland your lawyer must follow the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and solicitors are required to report to Bank of Ireland where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties countrywide and is not limited to Kemp Town.
What will a local search tell me concerning the house my wife and I purchasing in Kemp Town?
Kemp Town conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Kemp Town conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
Just had an offer accepted on a new build apartment in Kemp Town. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Kemp Town
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Kemp Town is the location of the property. What do you suggest?
Flying freeholds in Kemp Town are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kemp Town you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kemp Town may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.