I am in the throes of changing my current residential mortgage to a BTL Bank of Ireland mortgage. I have been informed by my broker that I require a lawyer as part of the process. I spoke to my previous Luton conveyancing practitioner who acted on my behalf when I first purchased the premises. The pricing estimate supplied of £550 has surprised me as its a remortgage than a sale or purchase.
The charges appear a tad high. If you you were to look around you could reduce the fees marginally by as much as £125. On the other hand, if you were happy with the assistance the firm provided you mightlive to regret opting for an an unknown conveyancer. If is important to enquire that the solicitor can also act for Bank of Ireland. Do utilise our search tool to choose a Luton conveyancing firm on the Bank of Ireland member panel, which can often include conveyancing solicitors in Luton.
I purchased a freehold house in Luton but still charged rent, why is this and what is this?
It’s unusual for properties in Luton and has limited impact for conveyancing in Luton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My Solicitor in Luton is not listed on the HSBC Bank Solicitor Panel. Can I still use my family solicitor even though they are excluded from the HSBC Bank panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your preferred Luton solicitors but HSBC Bank will need to retain a conveyancer on their panel. This will result in additional overall legal fees as well as result in delays.
- Choose an alternative lawyer to to deal with the purchase, not forgetting to check they are on the HSBC Bank panel
I need some fast conveyancing in Luton as I am under a deadline to sign on the dotted line inside 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at free not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Luton the following are examples of what can crop up and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
I am 17 days into a leasehold purchase having been directed to a firm by the local agent to carry out the conveyancing in Luton. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new solicitors?
They would need to be very poor in order to consider changing them. Has the mortgage been sent? If so you need to make them aware of the new contact details and get the mortgage documents are issued to the new lawyers. The solicitor ideally needs to be on the lenders panel to avoid added expenses and complications. So that should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved conveyancer for your home move in Luton