I have just started taking steps with the intention of swapping over from my current homeowner home loan to a BTL Nottingham Building Society mortgage. I have been informed by my broker that I require a conveyancer for this. I spoke to the same Leyland conveyancing practitioner who dealt with the legals when I initially acquired the house. The costs illustration issued of just over five hundred pounds has shocked me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The charges seem a little high. If you shop around you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, if you were content with the assistance the firm provided you maycome to regret choosing an an unknown conveyancer. Don't forget to ensure the firm can act for Nottingham Building Society. Do use our search tool to locate a Leyland conveyancing firm on the Nottingham Building Society conveyancing panel, which can often include conveyancing solicitors in Leyland.
Do the conveyancing lawyers listed on your site perform right to buy conveyancing in Leyland?
We have identified a variety of conveyancing conveyancers who can conduct right to buy conveyancing Do call the solicitors listed to secure a costs calculation.
We had appointed conveyancing lawyers based in Leyland on the Principality solicitor panel. They are now charging me an additional amount for the legal aspects of the Principality mortgage. Is this an additional conveyancing fee specified by Principality?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner may charge a fee for this. This charge is not set by Principality but by your Leyland conveyancing practitioner. Plenty of firms on the Principality panel will charge ’dealing with mortgage’ fee and others do not.
Completion of my remortgage has taken place for my property in Leyland. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have finally had an offer on a maisonette in Leyland accepted, but there is a chain. The vendors have placed an offer on a flat, but it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a local conveyancing solicitor in Leyland. What do I do now? At what point should I apply for the mortgage with Lloyds?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Leyland conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the Lloyds conveyancing panel. Concerning the next stages this very much dictated by the specifics of your transaction, motivation for the property and on the state of the market. During a hot market the majority of home buyers would apply for the mortgage with Lloyds and pay for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with the conveyancing in Leyland.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Leyland is where the house is located. Can you shed any light on this issue?
Flying freeholds in Leyland are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leyland you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leyland may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Do I need to be wary about third parties that I am dealing with are recommending an internet conveyancing firm as opposed to a local Leyland conveyancing practice?
As with lots of service providers, often input from family and friends can be extremely useful or valuable. But there are many players in a conveyancing transaction; estate agents, financial adviser and banks may recommend solicitors to appoint. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the discretion to appoint your own lawyer. You need to be aware that many banks operate an approved list of lawyers you are obliged to use for the lender related work in your conveyancing.