I'm in the process of transferring my current homeowner loan to a BTL Godiva Mortgages Ltd mortgage. I have been informed by my broker that I need a lawyer as part of the process. I spoke to my previous Mudeford conveyancing solicitor who who did the conveyancing when I originally purchased the premises. The quote e-mailed to me of £450 plus VAT has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The costs illustration is fractionally on the high side. If you are happy to invest time comparing costs you may be able to decrease the fees marginally by perhaps a hundred pounds. On the other hand, assuming were pleased with the assistance the firm gave you mightcome to regret choosing an an untested lawyer. Remember to be sure that the conveyancer can represent Godiva Mortgages Ltd. Do utilise our search tool to find a Mudeford conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Mudeford.
I am the registered owner of a freehold premises in Mudeford but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Mudeford and has limited impact for conveyancing in Mudeford 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Me and my partner are purchasing a flat in Mudeford. I might seem paranoid but how we can trust a solicitor? On completion day we will need to put funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am being told by my conveyancer that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Mudeford?
The right level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
Is there a list of Santander panel solicitors in Mudeford on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings open the public online. If you are in need of a Mudeford conveyancing practitioner on the Santander please use our tool.
We're FTB’s - had an offer accepted, yet the agent advised that the owners will only go ahead if we instruct their chosen solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor who is familiar with conveyancing in Mudeford
We suspect that the seller is unaware of this ultimatum. If they require ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Speak to the owners direct and explain that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to instruct your preferred Mudeford conveyancing firm - as opposed tothose that will give their estate agent a introducer fee or hit his conveyancing targets set by head office.
I am buying a maisonette mortgage free. I have provided conveyancer with 2 distinct evidence of photo ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not dealing E's in Ibiza.
In today’s world you will not be able to complete any Mudeford conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.