I have just started taking steps with the intention of swapping over from my current residential home loan to a Buy to Let Britannia mortgage. I was told by my financial advisor that I require a solicitor as part of the process. I spoke to the same Godmanchester conveyancing firm who dealt with the legals when I first purchased the premises. The quote they've given of £500 is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The estimate does seem a tad steep. If you shop around you might shave off some of the expense by say £125. That being said, if you were satisfied with the conveyancing the firm provided you maylive to regret choosing an an unknown conveyancer. Remember to be sure the conveyancer can act for Britannia. You can utilise our search tool to locate a Godmanchester conveyancing firm on the Britannia approved list of lawyers, which can often include conveyancing solicitors in Godmanchester.
In the event thatI were to purchase a simple residential homein Godmanchester mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Godmanchester?
The sole saving you would achieve is the costs for searches. A conveyancing practitioner still got to do everything else - money laundering, correspond with the vendors solicitor, SDLT submission, register the title etc. You might save a bit for them not having to register a mortgage however it will not be a lot.
It is a dozen years since I bought my home in Godmanchester. Conveyancing lawyers have now been instructed on the sale but I am unable to locate my deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be kept by the lender or they may stored with the lawyers who acted in your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring up to date copy of the land registers. Most conveyancing in Godmanchester relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
What is your number one tip for choosing a conveyancing solicitor in Godmanchester
We would encourage you not to base your choice on the lowest Godmanchester conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Is it the case that all Godmanchester solicitor firms on the RBS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many lenders do permit licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
I recently had an offer accepted on a house in Godmanchester. My mortgage broker suggested a lawyer. I paid an on account payment of £225. A couple of days later, the property lawyer called me to say that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How can the Landlord & Tenant Act 1954 impact my commercial property in Godmanchester and how can your lawyers assist?
The 1954 Act provides security of tenure to commercial leaseholders, granting the right to make a request to court for a new lease and remain in occupation at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Godmanchester is one of the numerous locations in which the firms we work with are based