We previously chose solicitors locally in King's Cross on the Co-operative solicitor panel. They are now charging me an additional fee for dealing with the Co-operative mortgage. Is this an additional conveyancing fee set by Co-operative?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer is entitled to levy a fee for this. This charge is not set by Co-operative but by your King's Cross lawyer. Plenty of firms on the Co-operative panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
I currently have a mortgage with TSB for my property in King's Cross. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform TSB?
You must advise TSB in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent 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 TSB directly. It should not be necessary to do this via a TSB conveyancing panel firm.
Planning on purchasing a house in King's Cross. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the King's Cross lawyer is on the Leeds Building Society conveyancing panel.
The deeds to our property can not be found. The conveyancers who dealt with the conveyancing in King's Cross 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title original deeds to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in King's Cross differ for newly converted properties?
Most buyers of new build or newly converted property in King's Cross approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in King's Cross typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in King's Cross or who has acted in the same development.
My cousin has urged me to use his lawyers for conveyancing in King's Cross. Should I choose my own conveyancer?
Much as we are happy to recommend a King's Cross conveyancing lawyer the ideal way to choose a conveyancing lawyer is to have referrals from friends or family who have actually experience in using the firm that you are are thinking of instructing.
What can I do where I am unhappy with the conveyancing practitioner who did my conveyancing in King's Cross?
We live in an imperfect world, and unfortunately every so often things do go wrong. That being said there is recourse if you were dissatisfied with your conveyancing in King's Cross. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their regulator. If you remain unhappy you may consider enlisting the help of the Legal Ombudsman.