I am in the throes of porting my current residential loan to a Buy to Let Coventry Building Society mortgage. I have been informed by my broker that I need a solicitor as part of the process. I got in contact with my past Frant conveyancing solicitor who acted on my behalf when I previously purchased the house. The costs illustration supplied of £470 has shocked me as its a refinance than a sale or purchase.

The estimate does seem a little on the high side. If you are prepared to expend time scrutinising quotes you could shave off some of the expense by perhaps a hundred pounds. That being said, assuming were satisfied with the service the firm gave you couldlive to regret choosing an a cheaper solicitor. Don't forget to be sure the solicitor can represent Coventry Building Society. Do employ our search tool to get a quote a Frant conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Frant.

My solicitor has identified a defect with the lease for the flat we are purchasing in Frant. The other side have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner says that he must check that the bank is content with this solution. Are we the client or is the lender?

Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender specifications must be adhered to.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Frant?

There are many registered licenced Conveyancers in Frant and Solicitor partnerships in Frant who provide Conveyancing services It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Frant bank branch on a couple of occasions and was told it wasn't an issue and they would lend. My Frant conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.

As long as the lawyer is on the bank panel, they must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.

After much negotiation I have agreed a price on a house in Frant. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. Not long after, the conveyancer contacted me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I am buying a new build house in Frant with the aid of help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not disclose to my lawyer about this side-deal as it could jeopardize my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Frant is the location of the property. Is there any guidance you can give?

Flying freeholds in Frant are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Frant you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Frant 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 premises.