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Conveyancing fees when renting out residential home

lindsay2610
lindsay2610 Posts: 22 Forumite
in House buying, renting & selling
We're going to rent out our residential home and are purchasing a new home to move into.

The solicitor is quoting us for conveyancing work on changing our residential mortgage with C&G to a Godiva buy to let mortgage. But surely I just need to get the deeds changed at the land registry? Is there something else I'm missing which is worth £400?

Any advice appreciated!

Comments

  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    the new lender will need a new security over the property which requires solicitors for both sides therefore costs
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • lindsay2610
    lindsay2610 Posts: 22 Forumite
    Thanks Emmzi,

    I am paying legal fees for the new lender already as part of the mortgage deal, so I thought this covered the paperwork, but I could be mistaken. I'm not sure what I'm paying another solicitor for?
  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    In that case I'm not sure either. fees for release of first charge on the property from C&G is all I can think of.
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    Did you not consider applying through C&G to convert your existing residential mortgage into a buy to let? Think its a fee of approx £250.
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