I'm in the process of porting my domestic home loan to a BTL The Mortgage Works mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I got in contact with my former Woodbury conveyancing solicitor who who did the conveyancing when I initially acquired the property. The costs illustration issued of £550 has surprised me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The costs illustration is slightly on the steep side. If you shop around you might get the conveyancing a bit cheaper by say a hundred pounds. That being said, providing that you were pleased with the assistance the firm offered you mightcome to rue choosing an a cheaper solicitor. If is important to enquire that the firm can act for The Mortgage Works. Do make use of our search tool to find a Woodbury conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Woodbury.
What happens if my lawyer’s firm is removed from the Kent Reliance Solicitor panel ahead of completing my conveyancing in Woodbury?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I'm at the point of viewing apartments in Woodbury and I am now considering a potential offer. Should I already have a property lawyer in place at this stage? I intend to finance via a mortgage with Aldermore.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are getting a mortgage with Aldermore, make sure you remember to check that your lawyer is on the Aldermore conveyancing panel.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Woodbury conveyancer on the Nationwide panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nationwide 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 Nationwide mortgage from the register. Nationwide, 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 Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Completion of my purchase has taken place for my property in Woodbury. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Due to the guidance of my in-laws I had a survey completed on a house in Woodbury in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woodbury. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the phrase cheap conveyancing in Woodbury it reveals numerous solicitorsin the vicinity. How do I determine which is the suitable conveyancer for me?
The best way of choosing the right conveyancer is via trusted recommendation, so seek the counsel of colleagues and relatives who have bought a property in Woodbury or the respected estate agent or financial adviser. Fees for conveyancing in Woodbury vary, so it's a good idea to obtain a minimum of four fee estimates from different property lawyers. Make sure that you know that the fees are fixed.