I have just started taking steps with the intention of transferring my current residential loan to a BTL Alliance & Leicester mortgage. The bank has said that I require a conveyancer for this. I spoke to my previous Bridport conveyancing solicitor who dealt with the legals when I initially purchased the house. The fee calculation issued of just over five hundred pounds has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad on the high side. If you you were to look around you might reduce the fees marginally by as much as a hundred pounds. That being said, assuming were pleased with the assistance the firm provided you mightlive to regret choosing an a cheaper solicitor. Don't forget to ensure the firm can act for Alliance & Leicester . You can employ our search tool to choose a Bridport conveyancing firm on the Alliance & Leicester conveyancing panel, which can often include conveyancing solicitors in Bridport.
In what way does my ID and proof of funds have anything to do with my conveyancing in Bridport? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign should reaffirm this. Your lender will also require certain documents to be checked. If you are unwilling to supply ID verification documents, your lawyer can not take you on as a client.
My partner and I are planning on selling our property in Bridport and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Bridport lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing outfit as opposed to a conveyancing solicitor in Bridport. We have lived in Bridport for 5 years we know of no issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I'm buying a new build house in Bridport with a mortgage from The Royal Bank of Scotland. The builders would not budge the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my lawyer about this deal as it could impact my mortgage with The Royal Bank of Scotland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How simple is it to swap conveyancer as I need to instruct one who is on the Skipton Building Society conveyancing list. I was using a local conveyancing solicitor in Bridport round the corner but she is not approved by Skipton Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Bridport on the Skipton Building Society panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bridport. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bridport.