I'm in the process of porting my domestic home loan to a Buy to Let Accord Mortgages Ltd mortgage. I was told by my mortgage that I require a solicitor for this. I spoke to my past Norris Green conveyancing solicitor who dealt with the legals when I initially bought the premises. The fee calculation e-mailed to me of £575 plus disbursements has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The costs illustration is slightly on the expensive side. If you you were to look around you could reduce the fees marginally by as much as £125. That being said, providing that you were satisfied with the legal work the firm gave you couldlive to regret choosing an an untested solicitor. Don't forget to check the firm can also act for Accord Mortgages Ltd. Do utilise our search tool to find a Norris Green conveyancing firm on the Accord Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Norris Green.
We hope to to buy with Coventry BS. We have called around locally yet cant to find a Norris Green conveyancing firm on the Coventry BS panel. Could you assist?
Please do take advantage of the search tool on this page. Pick the building society and type Norris Green or your location and you will be presented with a number of lawyer offices in Norris Green or nearest you.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Norris Green. Do I pick up the keys to the premises on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Norris Green?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
My father pointed out to me me that in purchasing a property in Norris Green there may be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of a number of properties in Norris Green which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Norris Green should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I currently have a mortgage with Leeds Building Society for my property in Norris Green. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
You must advise Leeds Building Society in advance of renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel firm.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Norris Green I like with amenity areas and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in Norris Green suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I was advised by three or four local property agents in Norris Green to locate a conveyancer using your seach tool. Is there a financial upside for Estate Agents to recommend your site rather than alternative conveyancing organisations?
We refuse to make any referral fee for sending work our way. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.