I'm in the process of switching my existing standard loan to a BTL Alliance & Leicester mortgage. The bank has said that I need a solicitor for this. I spoke to my former Barbican conveyancing solicitor who acted on my behalf when I initially acquired the premises. The costs estimate supplied of £550 is surprising as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad overpriced. Where you are content to invest time comparing charges you may be able to shave off some of the expense by perhaps £125. That being said, providing that you were happy with the legal work the firm gave you mightlive to regret opting for an an untested solicitor. If is important to be sure the firm can represent Alliance & Leicester . Do use our search tool to locate a Barbican conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Barbican.
The owners have rather pushy vendors who has recommended a lock out agreement with a non-refundable deposit of 5k. Are such agreements sensible?
Exclusivity contracts are contracts between a home owner and purchaser giving the buyer the sole right to purchase the premises within a prescribed time frame. For all intents and purposes, a lock out is a document specifying that you will receive a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer assurance though in many situations, the proprietor may stand to benefit from such agreements as well. There are numerous positives and negatives to having an agreement but you should to check with your lawyer but note that it may end up incurring extra in conveyancing fees. For these reasons these agreements are avoided in relation to conveyancing in Barbican.
Our lender has recommended a law firm on their panel based in Barbican but I would rather use a conveyancing lawyer in Barbican or nearer to where I live. Can you help?
It is by no means the case that all Barbican conveyancing firms are listed all lender’s conveyancing panel. Please make the most of the above find an approved solicitor tool to find a Barbican conveyancing conveyancer on the on the mortgage company panel.
I purchased a terraced Edwardian property in Barbican. Conveyancing lawyer acted for me and Santander. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching property. Is it worth asking Santander to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barbican and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the work.
I need to appoint a conveyancing solicitor for residential conveyancing in Barbican. I happened to land on a web site which looks to be the ideal solution If there is a chance to get all the legals completed via email that would be ideal. Should I be wary? 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?