We are about to exchange on the purchase of a house in Knaphill but as a result of damage from the recent storms I have was able negotiate compensation from the vendor in the sum of £3k by way of a reduction in the price. I had intended this to be addressed as part of amending the contract but Lloyds are not allowing this. Why were they involved?
Your conveyancer being on a Lloyds conveyancing panel is obliged to inform Lloyds of any changes to the purchase price. If you were to refuse your conveyancing practitioner to report the reduction to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new lawyer for your conveyancing in Knaphill.
Can I use your services to recommend a Conveyancing solicitor in Knaphill even if I’m not purchasing or selling a house, for example where I want to acquire a shop in Knaphill with a mortgage from The Mortgage Works?
Our comparison service is mainly used to help choose domestic conveyancing solicitors in Knaphill but we have recorded towards the end of this page a few Knaphill commercial conveyancing firms. You should enquire with the company directly to see if they can also act for The Mortgage Works
There is lots of information on this site concerning conveyancing in Knaphill but what is your top tip for appointing the right conveyancer in Knaphill
It would be unwise to be swayed by the lowest Knaphill conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am currently in the process of buying my council flat in Knaphill. I have a mortgage offer with Lloyds. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
I currently have a mortgage with Virgin Money for my property in Knaphill. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
You must advise Virgin Money before letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel firm.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Knaphill and how can you help?
The 1954 Act gives protection to commercial lessees, giving them the right to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Knaphill is one of the hundreds of areas of the UK in which our lawyers are located
Why am I unable to complete my conveyancing in Knaphill on Good Friday?
This is due to the fact that on completion the funds will be transferred electronically between the banks of the buyer and seller's property lawyer and at present this can only take place on a working day. It is not possible to complete on a saturday or sunday either.