Why do I have to pay up front when it comes to conveyancing in Edenbridge?
If you are buying a property in Edenbridge your solicitor will ask you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the purchase price then this should be asked for shortly prior to exchange of contracts. Any further balance that is needed will be payable a couple of days ahead of the day of completion.
My grandmother passed away last year and as sole heir and executor I was left the property in Edenbridge. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Yorkshire BS will require that you use a conveyancer on the Yorkshire BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire BS mortgage is registered as a charge at the Land Registry.
is it true that all Edenbridge solicitor practices on the Nottingham conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Nottingham approved list of solicitors they would need to be governed by the SRA. Many banks do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
Can I be sure that the Edenbridge conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Edenbridge seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I currently have a mortgage with Santander for my property in Edenbridge. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Santander must be informed of your intention in advance of renting your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Santander directly. You need not do this via a Santander conveyancing panel firm.
What tools are available to identify a Edenbridge law firm on the Barnsley Building Society conveyancing panel? I have a car and am willing to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please select a bank and your location and you will see a number of Edenbridge conveyancing lawyers located nearest you. We have listed some Edenbridge conveyancing firms at the bottom of this page and you can call them to see if they are on the Barnsley Building Society approved list
We are midway through purchasing a property in Edenbridge. Conveyancing lawyer has phoned to say the property is "Leasehold". Will this likely impact our HSBC valuation?
Edenbridge conveyancing does not usually involve leasehold houses. The key factor here is the remaining lease term and the ground rent. If it's 999 years with a nominal rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
At the other extreme, if it's, say, fifty five years it will have a significant effect 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 conveyancer.