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When looking for a remortgage conveyancing quote in Notting Hill, it’s vital to find a company you can trust. We can connect you with a group of trusted, verified affiliates, all of whom are more than competent to handle your property transaction.
What we do is particularly useful because, once we put you in touch with a conveyancing solicitor, that affiliate will have a good track record in assisting similar types of property owners and buyers. You can rest assured that the company you’re being referred to meets high standards.
When it comes to remortgaging, our preferred affiliates are top-rated firms that nationwide users of our service have found to be friendly, efficient, and competent. Businesses need to show they are regulated by the SRA, CLC, LSS, or equivalent, and we recommend you verify this.
People who have used our services save on average over 70% on the final bill they have to pay at the end of the conveyancing process.
The panel we used to judge the best conveyancing firms in all of London was a very informed and competent panel. It is clear that the firms are all highly rated and that this is evidently a very good source for clients seeking high-quality conveyancing. That is because the panel primarily considered the best track records of the firms when making its choices and judgements, and used an average score to rank them when close.
Company presence: if a company doesn’t have an up-to-date website with correct and visible company details, then we do not consider them.
Positive reviews: if a partner doesn’t have adequate positive reviews, then we do not consider that company a potential partner.
Regulatory Bodies and Accreditation: every licensed conveyancer and conveyancing solicitor must be regulated by one of the following: the CLC, SRA, LSS, LSNI, and/or CILEx.
Code of Practice: we expect our affiliates to adhere to a practice code. This ensures our customers receive a service of the requisite quality and protects our licensed conveyancers and conveyancing solicitors, who operate to the minimum standards we expect across the board.
Notting Hill Surveyors is well connected throughout the UK and presents a uniform pricing structure that is below the national average.
With Notting Hill Surveyors, you know you are dealing with a responsible professional. All of the remortgage conveyancing solicitors and accredited conveyancers are regulated by one of several professional bodies.
You are free to choose either a local or national remortgage solicitor through us.
When you remortgage, a solicitor or conveyancer must handle the legal work required to transfer your existing mortgage to a new lender. However, if you are staying with the same lender and simply remortgaging to a new deal, no legal work is required.
If you are transferring equity (which means that there is a change in ownership, and someone else now holds title to a piece of property that you used to own), or if you are dealing in any way with a property that you no longer inhabit (perhaps you have inherited it or are selling it), you do need a remortgage solicitor or conveyancer because their expertise is essential to managing the deal legally and correctly.
According to our research, the average total cost of a remortgage is about £3,800. The largest portion of this fee is the legal costs involved, which come to roughly £1,500. This pays for the majority of the work that needs to be done in relation to the remortgage, using your current mortgage as a base. How much will this Remortgage Conveyancing cost you? Here’s the breakdown:
Added to all this is the cost of discharging your existing mortgage, which is somewhat more substantial than the discharge fee you’ll pay to your conveyancer once the remortgage itself has gone through.
The remortgage conveyancing process entails several steps. Your remortgage conveyancer takes care of the legal aspect, making sure your title is updated and informing the appropriate office that your title has changed. The following outlines the steps your remortgage conveyancer takes on your behalf:
To understand more about the remortgage process and whether or not remortgaging is right for you, please read on.
If you are a landlord or property manager and have received a notice from a tenant under housing laws because they have issues with your rental property, or if you are a developer and have had your work interrupted by someone who has opened a dispute, or a leaseholder with a disagreement with your management company or landlord, we might be able to assist you.
It is crucial to understand that the contents of such a report might not always align with your interests, as the report must be impartial and fairly balanced.
It is a challenging task to proffer the court a technical report, all neatly wrapped in a logical framework, that judges can understand, even if they have no background in engineering or science. This is also true of anyone who has not spent many years as an expert witness. A digestible report is a good report.
Striking the balance among fact, opinion, and technical versus non-technical writing takes many years of practice to perfect.
The RICS guidelines on expert witnesses pertain to members of the RICS who are able to demonstrate the requisite levels of expertise, knowledge, and experience concerning the assessment of a specific non-domestic condition. Members are expected to be independent and impartial in their roles and to fulfil those roles within an agreed-upon timescale and to a standard of reporting appropriate for an expert witness.
The RICS publication “Surveyors Acting as Expert Witnesses: Client Guide” serves as a useful reference. Although it is aimed primarily at providing guidance for clients and professional surveyors, I found its contents to be relevant to my needs as a professional in a different field. It is available at no charge from the RICS website.
The Full Building Survey report includes the following:
When it comes to the detail that the surveyor will go into concerning defects, repairs, and maintenance, the Homebuyer Survey is fairly standard. Full Building Surveys, however, are more refined and go into more detail about possible and likely defects. Repairs and maintenance are covered in more detail. The Survey cost depends on the age, size, and value of the property.
The analysis they undertake is a visual inspection. This means that, for the most part, the building components that can be seen will be looked at and assessed in accordance with the surveyor’s remit. The Home Survey Report will show you the visible defects and then go on to discuss the kinds of partially hidden or totally hidden defects that the surveyor thinks you should be aware of. It will also try to clarify what kinds of repair work need to be done and the nature of the repairs. The survey is effectively a way to consider “defects” and their potential impact on the building.
A Building Survey Report contains the most important information for understanding the condition of a property. The surveyors that undertake the work follow a set procedure. The first part of the report contains a general overview of the property and its surroundings. The second part details the major and minor problems with the property’s components, inside and out. These problems range from serious structural defects to issues with doors or windows that don’t close properly, and everything in between. The report is written in clear English, complemented by diagrams and photographs. If any of the problems found are what a surveyor might consider important, that’s what the report indicates—using clear and unambiguous language.
Surveyors usually use a tick box to indicate methods of repair when drafting a building survey report. They are also required to comment on the timescale of any repairs. A condition rating is typically included: what needs to be addressed immediately, what is in the process of deteriorating but is in reasonable condition, and what has not deteriorated at all.
A building surveyor is responsible for a variety of checks and tests during a building inspection. These could be checks or tests for damp and woodworm, or they could be visual inspections of the building’s structure. In building surveying, there are visual inspections of roofs – checking for tiles and slates (if applicable) and also checking for leadwork (if applicable) and looking at the junctions between roof and wall. If the wall structure has brick in it, the surveyor will visually check for any “spalling” (brick breaking apart visibly) and any bulging (brick failing to hold its place visibly), for example.
If defects need fixing immediately, then the options recommended for this survey specify what to repair and give some idea of how long the problem has existed. For the most part, this survey describes recommended repair approaches that are standard in the industry and that do not require excessive expenditure. Future maintenance is also discussed, including what to expect when the problem being surveyed is not repaired and what to expect with repairs that are made but with questionable methodology.
Your surveyor will explain some of the legal aspects of purchasing the building, covering—in as much or as little detail as you desire, and their implications, but this is subject to your solicitor verifying.
You might consider having a separate market valuation done to determine whether the property’s asking price is warranted. You’ll also need a reinstatement cost valuation for insurance reasons.
RICS’s industry guidelines suggest building surveys for properties that are large, very old, in some disrepair, or have unusual features. Building surveys are also recommended if you plan to do any significant renovations or extensions.
If you’re purchasing a relatively modern home that’s in decent shape and built to ordinary standards, then a Home Buyer Survey is an acceptable choice. If you want the assurance of an inspection and report that are pretty much guaranteed to turn up any issues that might be hidden or just hard to see, then you should go for a Full Building Survey instead.
The Full Building Survey is more detailed; it is more specifically tailored to the property your surveyor would be inspecting. It also comes with more advice on the visible defects found and on the potential hidden defects that they suspect may be present. Your surveyor will illustrate reports with photographs so that you can clearly see what has been discovered. Both the Home Buyer and Full Building Surveys describe the repairs needed, the order in which the repairs should be done, and the kind of “maintenance measures” that will be required to keep the property in good condition.
A HomeBuyer Report does include a market valuation as well as reinstatement costs. However, a Full Building Survey does not. The main reason for the differences in what is and isn’t included in the two types of reports is how focused the reports are on the condition of the property. The Full Building Survey is the most in-depth and comprehensive survey of a property that you can have done.
The traditional period of conveyancing for remortgaging takes four to eight weeks. Compared to a sale or purchase, the conveyancing for a remortgage is less complex because you’re relying on fewer parties in a chain. Still, you can help matters along by returning all your documents promptly to the conveyancer. You can also help by being ahead of the eight-week curve: start looking for a new remortgage deal six months before your old one ends.
Looking for a Chartered Surveyor? If you are buying a property, contact us for a building survey. Our panel of CIOB, RPSA and RICS surveyors will help you with the Level 2 or Level 3 property survey you need in Notting Hill. We can also assist you in Red Book Valuations, Party Wall Awards and other services. Reach out to us today for building surveyors, valuers and party wall surveyors in London!
