I'm in the process of swapping over from my current homeowner mortgage to a BTL Skipton Building Society mortgage. The bank has said that I need a lawyer as part of the process. I spoke to my former Clydach conveyancing firm who who did the conveyancing when I previously acquired the house. The costs illustration issued of £575 plus disbursements is surprising as its a refinance than a sale or purchase.
The quote is slightly on the high side. If you you were to look around you may be able to shave off some of the cost by as much as £125. On the other hand, assuming were satisfied with the service the firm gave you couldcome to regret choosing an an unknown lawyer. If is important to ensure that the firm can also act for Skipton Building Society. Do employ our search tool to find a Clydach conveyancing firm on the Skipton Building Society member panel, which can often include conveyancing solicitors in Clydach.
My Clydach solicitor has discovered a discrepancy between the assumptions in the home valuation survey and what is in the legal papers for the property. My lawyer has advised that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Can your site be used to find a Conveyancing solicitor in Clydach even where I’m not purchasing or disposing of a house, for instance if I intend to acquire an office in Clydach with a mortgage from Britannia?
The service is primarily there to select residential conveyancing solicitors in Clydach but we have listed towards the end of this page a selection of Clydach commercial conveyancing firms. You should enquire with the firm directly to establish if they can also act for Britannia
My home in Clydach is up for sale and I have a purchaser. Will my conveyancer have to be on the UBS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
I decided to have a survey carried out on a property in Clydach prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will refuse to grant a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Clydach. Conveyancing may be slightly more expensive based on your lender's requirements.