I have just started taking steps with the aim of swapping over from my current residential loan to a BTL Halifax mortgage. I was told by my mortgage that I require a solicitor for this. I spoke to the same Twyford conveyancing practitioner who dealt with the legals when I initially purchased the house. The costs illustration they've given of £575 plus disbursements has surprised me as its a remortgage than a sale or purchase.
The charges are a little high. Where you are happy to expend time scrutinising prices you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, assuming were happy with the service the firm provided you maycome to rue opting for an an unknown conveyancer. Remember to enquire that the firm can also act for Halifax. You can utilise our search tool to locate a Twyford conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Twyford.
My husband and I intend to remortgage our apartment in Twyford with Bank of Ireland. We have a son 18 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this form unique to the Bank of Ireland conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Bank of Ireland conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bank of Ireland. This is solely used to protect Bank of Ireland if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bank of Ireland had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
It is is a decade since I acquired my property in Twyford. Conveyancing lawyers have now been appointed on the sale but I can't find my title deeds. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be with your lender or they could be in the possession of 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 acquiring current official copies of the land registers. Almost all conveyancing in Twyford involves registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
We wanted to use a conveyancing solicitor in Twyford for our home move. Our financial adviser has since advised us that our mortgage lenders Nationwide Building Society won't deal with them. Surely this is unfair competition?
A mortgage company may insist on a panel conveyancer act for it. Borrowers are expected to meet the charges for this. Please make use of our tool to find a solicitor to carry conveyancing in Twyford on the Nationwide Building Society approved list of solicitors.
We are a fortnight into a freehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Twyford. I am am very frustrated with the quality of service. Can you you assist me in finding new lawyers?
A conveyancer would have to be very poor to suggest changing them. Has the mortgage offer been generated? In the event that it has you need to inform them of the new contact details and have the mortgage documents are re-issued. The solicitor ideally should be on the banks approved list to avoid escalating fees and delays. So that should be your first question of the new solicitors. Our find a solicitor tool can help you find a lender approved conveyancer for your home move in Twyford