I am in the throes of switching my existing standard loan to a Buy to Let Britannia mortgage. The bank has said that I require a conveyancer as part of the process. I had a chat the same Forest of Dean conveyancing practitioner who who conducted the conveyancing when I previously acquired the house. The fee calculation provided of £470 is surprising as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The estimate fees are a bit high. If you are content to expend time contrasting quotes you could reduce the fees slightly by say £125. That being said, if you were satisfied with the legal work the firm gave you maycome to rue opting for an an untested lawyer. If is important to ensure the firm can also act for Britannia. You can utilise our search tool to get a quote a Forest of Dean conveyancing firm on the Britannia conveyancing panel, which can often include conveyancing solicitors in Forest of Dean.
Various web forums that I have come across warn that are the primary reason for delay in Forest of Dean house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Forest of Dean.
I am looking for a leasehold apartment up to £245,000 and identified one close by in Forest of Dean I like with a park and railway links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Forest of Dean in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Am I better off to go with a Forest of Dean conveyancing lawyer who is local to the property I am hoping to buy? I have an old university friend who can handle the legal work but his firm is located 400miles away.
The benefit of a local Forest of Dean conveyancing practice is that you can attend the office to execute documents, present your ID and apply pressure on them where appropriate. Having local Forest of Dean know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and the majority were happy that must outweigh using an unknown Forest of Dean conveyancing lawyer solely due to them being Forest of Dean based.
Are all Forest of Dean property lawyers on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local bank branch in Forest of Dean. Chances are that they will be in a position to list some approved conveyancing solicitors in Forest of Dean