I'm in the process of changing my existing standard mortgage to a BTL TSB mortgage. I was told by my mortgage that I require a solicitor as part of the process. I had a chat my past Woolwich conveyancing solicitor who dealt with the legals when I previously acquired the property. The costs illustration sent of £550 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The estimate fees seem a tad high. Where you are prepared to spend time scrutinising quotes you might get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, if you were content with the legal work the firm provided you couldcome to rue choosing an a cheaper conveyancer. If is important to check that the firm can also act for TSB. You can use our search tool to find a Woolwich conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Woolwich.
Can your site be used to recommend a Conveyancing solicitor in Woolwich even where I’m not purchasing or disposing of a house, for example where I want to buy a shop in Woolwich with a loan from Birmingham Midshires?
The service is primarily there to locate residential conveyancing solicitors in Woolwich but we have set out towards the end of this page some Woolwich commercial conveyancing firms. You should speak with the company directly to see if they can also act for Birmingham Midshires
My uncle passed away last year and as sole heir and executor I was left the house in Woolwich. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
Given you intend to refinance then Yorkshire BS will insist on your using a conveyancer on the Yorkshire BS 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 Yorkshire BS 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 Yorkshire BS mortgage is registered as a charge at the Land Registry.
How does conveyancing in Woolwich differ for new build properties?
Most buyers of new build or newly converted property in Woolwich approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because builders in Woolwich usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Woolwich or who has acted in the same development.
What does commercial conveyancing in Woolwich cover?
Commercial conveyancing in Woolwich covers a broad array of guidance, supplied by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.