What is your number one tip for finding a conveyancing solicitor in Yelverton
It would be unwise to be seduced by the cheapest Yelverton conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
This question may be naive but I am wet behind the ears as a 1st time buyer of a garden flat in Yelverton. Do I receive the keys to the house on the completion date from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Yelverton?
On the day of completion you will not be required to attend the conveyancers office in Yelverton. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and move into your new home. Usually this occurs early afternoon.
The mortgage over my property is with Leeds Building Society for my property in Yelverton. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?
Your original mortgage agreement with Leeds Building Society will provide that you need their approval before letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel firm.
2 months have gone by following my purchase conveyancing in Yelverton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Yelverton ahead of instructing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks may not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Yelverton. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I identify a Yelverton law firm on the Nottingham Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 10kilometers to meet the lawyer.
You can use the facility on this website. Please select a bank and your location and you will see a number of Yelverton conveyancing lawyers located nearest you. We have detailed some Yelverton conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Nottingham Building Society panel
We are midway through purchasing a house in Yelverton. Conveyancing lawyer has told us the property is "Leasehold". Should this impact the marketability of the property?
Yelverton conveyancing does not usually involve leasehold houses. The main consideration here is the remaining lease term and the ground rent. If it's 999 years with a peppercorn rent, it's essentially freehold, so it shouldn't impact the value too much.
At the other end of the spectrum, if it's, say, Sixty years it will have a material impact on the saleability, and probably wouldn't be acceptable to the lender. The length of lease and ground rent will be specified in the lease provided to your conveyancing practitioner.