I'm in the process of porting my current homeowner loan to a BTL Barclays Direct mortgage. I have been informed by my broker that I require a lawyer as part of the process. I had a chat my former St Anns conveyancing firm who acted on my behalf when I initially purchased the premises. The costs estimate e-mailed to me of just over five hundred pounds has shocked me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little overpriced. If you are prepared to invest time scrutinising prices you might decrease the fees slightly by as much as £100 plus VAT. That being said, assuming were satisfied with the assistance the firm gave you couldcome to rue opting for an an unknown lawyer. If is important to ensure that the solicitor can act for Barclays Direct. You can make use of our search tool to locate a St Anns conveyancing firm on the Barclays Direct member panel, which can often include conveyancing solicitors in St Anns.
My wife and I are about to exchange buying a house in St Anns but as a consequence of wreckage from a small fire at the property I have managed to agree recompense from the owner in the sum of £3k by way of a deduction in the price. This was going to be addressed as part of amending the contract yet TSB will not permit this. Should they have been informed?
Your lawyer being on a TSB conveyancing panel is required to advise TSB of any changes to the purchase price. If you were to refuse your conveyancer to notify the reduction to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new conveyancer for your conveyancing in St Anns.
My grandmother passed away 10 months ago and as sole heir and executor I was left the property in St Anns. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in St Anns I like with a park and transport links nearby, however it's only got 61 years unexpired on the lease. There is not much else in St Anns suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will likely be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I am looking for a conveyancing practitioner in St Anns for my purchase. Is there any facility to see a firm’s complaints history with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after Jan 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA could recorded call for training purposes.