I have just started taking steps with a view to switching my existing standard loan to a Buy to Let Norwich and Peterborough Building Society mortgage. The bank has said that I need a solicitor for this. I had a chat my past Littleover conveyancing practitioner who acted on my behalf when I initially acquired the property. The pricing estimate supplied of just over five hundred pounds is surprising as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a tad steep. If you are content to spend time comparing prices you might get the conveyancing a bit cheaper by say £100 plus VAT. That being said, if you were content with the legal work the firm gave you mightlive to regret opting for an a cheaper solicitor. Don't forget to enquire the solicitor can act for Norwich and Peterborough Building Society. Do use our search tool to select a Littleover conveyancing firm on the Norwich and Peterborough Building Society approved list of lawyers, which can often include conveyancing solicitors in Littleover.
I am buying a new build house in Littleover benefiting from help to buy. The sellers would not move on the price so I negotiated 6k of additionals instead. The property agent advised me not to tell my conveyancer about this extras as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Littleover is the location of the property. Can you shed any light on this issue?
Flying freeholds in Littleover are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Littleover you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Littleover may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking to sell my house. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Littleover if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Littleover. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Am I best advised to go with a Littleover conveyancing practitioner based in the area that I am hoping to buy? I have an old university friend who can carry out the legal work however they are based approximately 350kilometers drive away.
The primary upside of using a local Littleover conveyancing practice is that you can visit the firm to sign documents, hand in your identification documents and pester them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were impressed that should trump using an unknown Littleover conveyancing lawyer just because they are based in the area.