I am in the throes of porting my current homeowner loan to a BTL Skipton Building Society mortgage. I have been informed by my broker that I require a solicitor as part of the process. I spoke to the same Woolton conveyancing firm who who completed the conveyancing when I originally bought the premises. The fee calculation provided of £550 has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a little steep. If you are willing to invest time comparing costs you could shave off some of the expense by perhaps £100 plus VAT. On the other hand, assuming were satisfied with the conveyancing the firm offered you couldcome to rue opting for an an unknown solicitor. If is important to ensure that the solicitor can act for Skipton Building Society. Do use our search tool to select a Woolton conveyancing firm on the Skipton Building Society approved list of lawyers, which can often include conveyancing solicitors in Woolton.
It is a dozen years since I purchased my home in Woolton. Conveyancing lawyers have just been instructed on the sale but I am unable to track down the title deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be retained by the lender or they could stored with the lawyers who acted in your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring up to date copy of the land registers. The vast majority of conveyancing in Woolton relates to registered property but in the unlikely event that your property is unregistered it is more of a problem but is not insurmountable.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Woolton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Woolton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woolton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woolton may decide 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.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the owners will only issue a contract if we use their recommended conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Woolton
It is highly unlikely the owners are behind this. Should the vendor want ‘a quick sale', alienating a serious purchaser is is going to put the whole deal at risk. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Woolton conveyancing lawyers - as opposed tothe ones that will give the estate agent a commission or meet his conveyancing figures set by senior management.
My partner and I expecting to exchange on the purchase a property in Woolton but as a consequence of wreckage from the recent storms I have negotiated recompense from the vendor of £2k by way of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process yet the bank will not permit this. Should they have been involved?
Any solicitor that is on the bank conveyancing panel is obliged to advise the mortgage company of any variations to the sale amount. In the event that you prohibit your lawyer to disclose the price change to your mortgage company then they would have to disinstructing themselves from representing you and the mortgage company.