Finally, a mortgage offer from NatWest for the refinancing of my 2 bedroom garden flat is to be issued any day now. Can you propose a low cost conveyancing law firm in Selly Oak?
You have arrived at the wrong site to search for the lowest fares for conveyancing in Selly Oak. Our goal is to offer excellent value conveyancing but we do not advertise as being the cheapest. Do not be swayed by companies offering £99 conveyancing in Selly Oak. The optimum outcome, in deciding on cheap conveyancing, you will receive what you pay for and at worst it will result in you with a hefty uplift in extras and still not get the service expected.
My conveyancer has discovered a a problem with the lease for the property we are buying in Selly Oak. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that he must ensure that the bank is content with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions must be adhered to.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Selly Oak. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this possible?
If you plan to refinance then RBS will require that you use a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.
I'm buying my first flat in Selly Oak with a mortgage from Yorkshire Building Society. The sellers refused to reduce the amount so I negotiated 6k of extras instead. The property agent told me not inform my lawyer about this deal as it may adversely affect my mortgage with the bank. Should I keep quiet?.
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.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no costs for non-domestic conveyancing in Selly Oak for less than 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Selly Oak, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. Regarding the fees these will vary based on the structure and nuances of the deal. Please provide us with your details or phone us so that we can supply you with a detailed commercial conveyancing quote.