I'm in the process of switching my existing standard loan to a BTL The Mortgage Works mortgage. I was told by my mortgage that I need a lawyer for this. I had a chat my previous Rise Park conveyancing practitioner who acted on my behalf when I previously acquired the property. The quote provided of £550 is surprising as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The quote is fractionally on the expensive side. If you you were to look around you might get the conveyancing a bit cheaper by perhaps £125. That being said, if you were satisfied with the assistance the firm gave you mightlive to regret choosing an an untested solicitor. If is important to ensure that the conveyancer can represent The Mortgage Works. Do use our search tool to get a quote a Rise Park conveyancing firm on the The Mortgage Works member panel, which can often include conveyancing solicitors in Rise Park.
We note that you have a post code search directory identifying law firms on the UBS conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Rise Park?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rise Park.
I have 7378 less than 75 years remaining on my lease and need a lease extension for my apartment in Rise Park. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/11/2024 the requirements read as follows :
I'm purchasing a new build house in Rise Park benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of additionals instead. The estate agent told me not inform my conveyancer about the deal as it may impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My wife and I have recently appointed a conveyancing solicitor in Rise Park. I I would like to check if they are listed on the lender's approved list of lawyers. Can you or the bank confirm if they are on the panel?
One option is to phone the lawyer and ask them if they are on the lender's approved list. If that does not help get in touch with us and we can investigate and revert. Should the firm not be on the conveyancing panel we we can help find a reputable conveyancing solicitor in Rise Park on the panel for your lender.