I have just started taking steps with a view to switching my domestic home loan to a Buy to Let The Mortgage Works mortgage. The bank has said that I need a solicitor as part of the process. I had a chat the same Mapperley conveyancing practitioner who who completed the conveyancing when I initially acquired the house. The quote provided of £450 plus VAT is an eye-watering amount to do this as its a remortgage than a sale or purchase.

The charges seem a little high. Where you are prepared to spend time contrasting costs you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, if you were happy with the service the firm offered you maycome to regret choosing an an unknown solicitor. If is important to check that the firm can represent The Mortgage Works. You can employ our search tool to select a Mapperley conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Mapperley.

My fiance and I intend to remortgage our penthouse in Mapperley with Kent Reliance. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Kent Reliance conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?

First, rest assured that your Kent Reliance conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Kent Reliance. This is solely used to protect Kent Reliance if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Kent Reliance had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

In what way does my ID and proof of funds have anything to do with my conveyancing in Mapperley? Why is this being asked of me?

Mapperley conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).

Confirmation of source of monies is also required under the money laundering statutes as conveyancers are mandated to ensure that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are buying mortgage free) has come from a reputable source (such as an inheritance) rather than the fruits of illegitimate activity.

I am purchasing a terraced house in Mapperley. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Mapperley 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 Mapperley.

Living abroad it is not practicable to travel my Mapperley conveyancing lawyers office to execute documents for conveyancing in Mapperley – will this be problematic?

No. Mapperley conveyancing solicitors can handle conveyancing transactions for clients who are based anywhere. You are unlikely to be required to meet your lawyer in the flesh at a Mapperley conveyancers office. They can undertake all communications via phone, post and email - whatever works for you.