I'm in the process of porting my current residential mortgage to a BTL Birmingham Midshires mortgage. The bank has said that I need a lawyer for this. I got in contact with my former Worcester conveyancing practitioner who acted on my behalf when I originally acquired the house. The quote supplied of £450 plus VAT is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The charges appear a bit high. If you you were to look around you may be able to decrease the fees slightly by perhaps a hundred pounds. On the other hand, if you were satisfied with the legal work the firm gave you maylive to regret choosing an an unknown lawyer. Remember to be sure that the conveyancer can also act for Birmingham Midshires. Do make use of our search tool to find a Worcester conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Worcester.
We are looking to buy a flat and need a conveyancing solicitor in Worcester who is on the Coventry BS approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Worcester.
Will my conveyancer be making enquiries concerning flooding during the conveyancing in Worcester.
Flooding is a growing risk for solicitors carrying out conveyancing in Worcester. Plenty of people will purchase a property in Worcester, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous searches that may be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Worcester. The standard completed inquiry forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to determine whether the property has ever been flooded. If flooding has previously occurred and is not disclosed by the vendor, then a purchaser could bring a compensation claim as a result of such an misleading answer. The purchaser’s conveyancers will also commission an enviro search. This will reveal whether there is any known flood risk. If so, further investigations should be carried out.
It has been four months following my purchase conveyancing in Worcester took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a house in Worcester prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will not give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Worcester. Conveyancing will be smoother if you use a solicitor in Worcester especially if they regularly deal with such properties in Worcester.