I have just started taking steps with a view to swapping over from my current residential loan to a Buy to Let Platform Home Loans Ltd mortgage. I was told by my mortgage that I require a lawyer as part of the process. I got in contact with my former Taunton conveyancing solicitor who acted on my behalf when I initially bought the premises. The fee calculation sent of £470 is surprising as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad steep. Where you are content to expend time comparing charges you might reduce the fees marginally by perhaps £100 plus VAT. That being said, assuming were satisfied with the assistance the firm provided you mightcome to rue opting for an a cheaper solicitor. Don't forget to ensure that the solicitor can represent Platform Home Loans Ltd. You can make use of our search tool to get a quote a Taunton conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Taunton.
About to place an offer on a leasehold apartment in Taunton. The estate agents tell me that it is standard for flats in Taunton to have less than 75 years left on the lease. I am obtaining a loan with Virgin. Will the property be mortgageable given that the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/1/2025 the requirements read as follows :
It has been three months following my purchase conveyancing in Taunton completed. I have checked the Land Registry site which shows that I paid £150,000 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 am purchasing a new build house in Taunton with a loan from Accord Mortgages Ltd. The sellers refused to reduce the price so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my conveyancer about the extras as it would impact 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.
Online research suggests that Taunton solicitors are more costly than Taunton conveyancers in Taunton when it comes to buying a house. Am I better off using a conveyancer or a solicitor if I am purchasing a property in Taunton.
When it comes to conveyancing in Taunton the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.