I have just started taking steps with the aim of transferring my current homeowner loan to a BTL Halifax mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I had a chat my former Petworth conveyancing solicitor who acted on my behalf when I first bought the house. The quote sent of just over five hundred pounds has shocked me as its a refinance than a sale or purchase.
The estimate does seem a tad on the high side. If you are willing to spend time contrasting prices you may be able to reduce the fees marginally by as much as £100 plus VAT. On the other hand, providing that you were content with the conveyancing the firm provided you couldlive to rue choosing an a cheaper conveyancer. Don't forget to be sure the firm can also act for Halifax. You can use our search tool to locate a Petworth conveyancing firm on the Halifax conveyancing panel, which can often include conveyancing solicitors in Petworth.
We are aiming to move home in September. Will my conveyancing solicitor call the removal company on the day of completion. As an aside, can you suggest a removal company in Petworth. Conveyancing firm was chosen before I stumbled across this site.
On the day of completion you can pick up the house keys from the selling agent however this can only take place after the vendors solicitors inform the agent that the monies to complete are in and the keys can be released. After that you should inform the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you choose a conveyancing in Petworth or a solicitor with expertise in conveyancing in Petworth.
I have paid off my mortgage with Principality. I assume I don't need a Petworth property lawyer on the Principality panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
I have a mortgage with HSBC for my property in Petworth. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?
Your original mortgage agreement with HSBC will provide that you need their approval prior to letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC 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 HSBC directly. You need not do this via a HSBC conveyancing panel solicitor.
It has been 2 months since my purchase conveyancing in Petworth concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying my first flat in Petworth with the aid of help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent advised me not to tell my lawyer about this extras as it would put at risk my mortgage with HSBC Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Developers have suggested I use a conveyancing practitioner and I've obtained an estimate from them. They are almost two hundred pounds cheaper than my own Petworth property lawyer. Should I use them?
Housebuilders frequently have lists of solicitors who are quick and who know the developer’s documentation and solicitor. As many developers offer an incentive to use their approved solicitor for this reason, any increased cost can be avoided and a developer will not suggest a conveyancing warehouse and run the risk of having the transaction delayed when they demand an exchange within a tight deadline. The argument for not agreeing to use the recommended conveyancer is that they may prove reluctant to fight for your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should remain with your local Petworth conveyancing practitioner.