Hi I am applying for a self Build mortgage and own the land.

 

quotes for conveyancing are coming in around 2.5k mark

 

just wondering what the comveyancing involves?

 

as I already own the

land searches etc are these still

necessary?

 

thanks

 

 

Not a lot...it is more straightforward than a re-mortgage as there is fewer parties, the only difference is the staged payments, but the lender will have that in hand.

 

We were in the same situation, taking out self build mortgage on the land we owned.  Searches were less than 1 year old.  Building Society will only deal with solicitors / conveyancers. 

Our own solicitor we had used for the purchase wanted over £1k, for the self build mortgage, which was more than the purchase [excluding writing of easements],  We went with an online agent who put us to a firm.  We paid around £342 [2020] + around £135 disembursments.

 

Search for re-mortgaging conveyancing.  

 

We made sure our first stage payment was foundations passed off, this was complete by the time we had sorted the mortgage out, so were ahead of the game.  

 

.. the bank are lending you money. the loan will secured against the property by way of a legal charge (registered against the title).  the bank will carry out the similar legal due diligence as if they were buying the property to ensure they have 'good & marketable title'  to protect themselves should you default

The conveyancing involves sweet fanny adams if it's a registered freehold title.

 

Worth not relying on the bank's own conveyancers; as they have, without fail, been woefully inept on every mortgage transaction I've ever been involved in.

 

Do it yourself. If they won't deal with you then find somebody clueless but cheap who will do Simon says conveyancing. (doing it yourself and having them sign it afterwards) This may well be the bank's inept conveyancers - provided that they don't have room to screw up your plans by doing things wrong.

On 10/01/2025 at 13:31, Blooda said:

Not a lot...it is more straightforward than a re-mortgage as there is fewer parties, the only difference is the staged payments, but the lender will have that in hand.

 

We were in the same situation, taking out self build mortgage on the land we owned.  Searches were less than 1 year old.  Building Society will only deal with solicitors / conveyancers. 

Our own solicitor we had used for the purchase wanted over £1k, for the self build mortgage, which was more than the purchase [excluding writing of easements],  We went with an online agent who put us to a firm.  We paid around £342 [2020] + around £135 disembursments.

 

Search for re-mortgaging conveyancing.  

 

We made sure our first stage payment was foundations passed off, this was complete by the time we had sorted the mortgage out, so were ahead of the game.  

 

Hi, please could you share the name of the firm you used.

@PhilC The agent we used, was Quittance Legal Services, that was 6 years ago, and they appear to have turned into an injury claim company now.