I have just started taking steps with the intention of switching my domestic loan to a BTL Godiva Mortgages Ltd mortgage. I have been informed by my broker that I require a lawyer for this. I had a chat my former Purfleet conveyancing firm who who conducted the conveyancing when I originally bought the house. The costs illustration issued of £500 has surprised me as its a remortgage than a sale or purchase.
The estimate does seem a little on the high side. If you you were to look around you may be able to shave off some of the expense by perhaps £125. On the other hand, if you were happy with the conveyancing the firm offered you couldlive to regret choosing an an unknown solicitor. Don't forget to ensure that the firm can also act for Godiva Mortgages Ltd. Do use our search tool to get a quote a Purfleet conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Purfleet.
It is is a decade since I acquired my property in Purfleet. Conveyancing lawyers have now been instructed on the sale but I can't track down the title deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with your lender or they could stored with the solicitor who acted in the purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Purfleet involves registered property but in the unlikely event that your property is not registered it is more problematic but is not insurmountable.
Various online forums that I have frequented warn that are the main reason for obstruction in Purfleet house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Purfleet.
How does conveyancing in Purfleet differ for new build properties?
Most buyers of new build property in Purfleet approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Purfleet usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Purfleet or who has acted in the same development.
My husband and I are buying a 2 bedroom first floor flatin Purfleet with a residential mortgage from a mortgage company. We would like to retain our solicitor in Purfleet but our lender inform us now that she’s not approved on their "panel". We have to appoint one of the our mortgage company panel firms or keep our Purfleet solicitor and pay for one of their panel ones to represent our lender. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage company mortgage issued is subject to conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most mortgage companies had open panels, including many conveyancing solicitors in Purfleet : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your lender.