We hope to to buy with Norwich and Peterborough Building Society. We have called around locally yet am unable to find a Quorn conveyancing firm on the Norwich and Peterborough Building Society panel. Could you assist?
You should make the most of the search tool on this site. Please choose the building society and type Quorn or your location and you will see a number of lawyer offices in Quorn or by proximity to you.
I have decided to exercise my right to buy my property in Quorn off the council. I have a mortgage agreed with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
The mortgage over my property is with Bank of Ireland for my property in Quorn. Conveyancing has been completed some time ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
You must advise Bank of Ireland before renting your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. In many cases banks or building societies 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 Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel solicitor.
Our sealed bid on a semi in Quorn has been accepted, but there is a chain. The sellers have placed an offer on on an apartment, however it’s not yet tied up, and are looking at other apartments booked. I have chosen a high street conveyancing solicitor in Quorn. What do I do now? When should I get the mortgage application with Lloyds going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then valuation, Quorn conveyancing search costs, etc). The first thing to do is check that your solicitor is on the Lloyds approved list. Concerning the next stages this very much dictated by the uniqueness of your transaction, attraction to the property and on the state of the market. In a buoyant market some buyers will apply for the mortgage with Lloyds and arrange for the valuation and only if it comes back ok would they ask their property lawyer to press on with the conveyancing in Quorn.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Quorn I like with open areas and railway links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Quorn in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I'm remortgaging my primary house to a BTL mortgage with TSB and I will use the rest of the raised equity as a down payment on further property. The area we are looking at is Quorn. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this page to ensure that the solicitors are on the relevant lender panels. Having checked that they are your lawyer should be able to tie up the two transactions but you should have a chat with you conveyancer and specify your expectations and needs.
I need to find a conveyancing solicitor for sale conveyancing in Quorn. I've stumble upon a site which appears to be the ideal solution If it is possible to get all formalities done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?