My previous solicitor has sent a quote for just over a thousand pound for leasehold conveyancing in St James's. I am selling a Georgian property for £200,000. This seems overpriced. Is it in excess of what I should be paying for conveyancing in St James's?
The quote is slightly on the expensive side. If you shop around you might shave off some of the cost by as much as £125. On the other hand, you mightlive to regret choosing an an unknown conveyancer. If is important to ensure that the solicitor can act for your lender. Do utilise our comparison tool to get a quote a St James's conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in St James's.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in St James's. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
Where you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
I have been told that property searches are a common reason for delay in St James's house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in St James's.
I'm remortgaging my existing house to a buy to let mortgage with HSBC Bank and I will use the ballance of the raised equity as a deposit on further house. The location we are looking at is St James's. Will your solicitors be able to act for the two mortgage companies and link together the transactions?
Do use our search tool on this site to ensure that the solicitors are approved by both lenders. Having checked that they are your lawyer will be able to tie up the two transactions but you should have a chat with you solicitor and specify your expectations and needs.
We have appointed a St James's conveyancing solicitor for our home move (FTB’s) and have picked up in the Ts and Cs that they are not regulated by the FCA. Am I right to be concerned or is that usually the case with property lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are governed by the SRA, who dictate specific stipulations covering funds held on client account.