I'm in the process of switching my domestic home loan to a BTL Barclays mortgage. I was told by my financial advisor that I must appoint a solicitor as part of the process. I had a chat my past Carmel conveyancing firm who dealt with the legals when I originally acquired the property. The costs illustration sent of £450 plus VAT is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate fees seem a bit high. Where you are willing to invest time contrasting charges you could reduce the fees marginally by say £100 plus VAT. That being said, if you were happy with the service the firm offered you maylive to regret opting for an an untested solicitor. Remember to enquire that the solicitor can also act for Barclays . You can utilise our search tool to choose a Carmel conveyancing firm on the Barclays member panel, which can often include conveyancing solicitors in Carmel.
My wife and I changing mortgage lender for our maisonette in Carmel with Nationwide. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this form unique to the Nationwide conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Nationwide conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nationwide. This is solely used to protect Nationwide if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nationwide had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
We're in Carmel, First timers purchasing with a mortgage (lender is Kent Reliance , and our lawyer is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I own a semi-detached Edwardian property in Carmel. Conveyancing lawyer represented me and Halifax. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read 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 Carmel 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 purchasers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
I am selling my property. My past conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Carmel if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Carmel. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.