I'm in the process of switching my existing standard loan to a Buy to Let HSBC Bank mortgage. I have been informed by my broker that I need a solicitor for this. I had a chat my past Crawley conveyancing solicitor who who conducted the conveyancing when I first bought the property. The quote they've given of £450 plus VAT has shocked me as its a remortgage than a sale or purchase.
The estimate does seem a tad on the high side. Where you are happy to invest time comparing quotes you may be able to reduce the fees marginally by say £100 plus VAT. On the other hand, if you were satisfied with the assistance the firm gave you couldlive to regret opting for an a cheaper conveyancer. Don't forget to ensure that the firm can act for HSBC Bank. Do employ our search tool to find a Crawley conveyancing firm on the HSBC Bank member panel, which can often include conveyancing solicitors in Crawley.
I had intended to instruct a conveyancing solicitor in Crawley for our house move. Our broker informed us that our mortgage company Britannia won't deal with them. Surely this is unfair competition?
A decade ago most banks had an appetite for risk which was higher than today. Almost all Crawley conveyancing firms would have been on most mortgage company panels. The FSA in 2010 carried out a thematic review into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more information from law firms regarding their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of conveyancing. Many Crawley conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Crawley is amongst the numerous locations where the conveyancers showing on our search results are on the panel for Britannia.
Should our solicitor be asking questions regarding flooding during the conveyancing in Crawley.
The risk of flooding is if increasing concern for lawyers dealing with homes in Crawley. There are those who buy a property in Crawley, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, but there are a number of searches that may be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Crawley. The standard property information forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the owner to determine if the property has historically flooded. If flooding has previously occurred and is not revealed by the seller, then a purchaser could issue a compensation claim stemming from an misleading reply. The buyer’s solicitors will also conduct an environmental report. This will disclose if there is any known flood risk. If so, additional investigations should be made.
The deeds to my home are lost. The lawyers who handled the conveyancing in Crawley 5 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical original deeds to prove you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
Is it best to choose a Crawley conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can execute the legal formalities however they are based a couple of hundredmiles away.
The benefit of a high street Crawley conveyancing firm is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Crawley know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that must surpass using an unfamiliar Crawley conveyancing lawyer just because they are round the corner.