I am in the throes of changing my existing standard home loan to a BTL Skipton Building Society mortgage. I have been informed by my broker that I require a lawyer as part of the process. I had a chat my previous Summertown conveyancing solicitor who dealt with the legals when I originally bought the premises. The quote supplied of £550 has surprised me as its a remortgage than a sale or purchase.
The estimate does seem a tad on the high side. Where you are content to expend time contrasting quotes you could reduce the fees slightly by say £125. That being said, assuming were content with the assistance the firm offered you couldcome to rue opting for an a cheaper lawyer. If is important to be sure the firm can represent Skipton Building Society. You can utilise our search tool to locate a Summertown conveyancing firm on the Skipton Building Society conveyancing panel, which can often include conveyancing solicitors in Summertown.
The housing market in Summertown is heating up. What can I do to speed up matters?
First, If you are under a tight deadline for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will make use of local relationships and intelligence. It is possible that they may have handled otherproperties in the same road. You would be best advised to use a Summertown conveyancing solicitor. Second, ensure that the conveyancing firm is on the lender panel. It is said that 18% of Summertown conveyancing deals are held up or derailed after finding out that a buyer’s conveyancer was not on their banks panel. This can often result in the transaction being held up by almost three weeks. It is estimated that this issue affects approximately one hundred thousand home moves annually. Most Summertown conveyancing practices can not represent certain banks so do check as early as possible.
I have a semi-detached Georgian property in Summertown. Conveyancing practitioner acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Summertown and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing lawyer who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a house in Summertown ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some banks may not issue a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Summertown. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Summertown to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for some conveyancing in Summertown. I've stumble upon a site which looks to be the ideal solution If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?