If you are purchasing a buy to let property with a Fleet Mortgages loan, you should choose a solicitor approved by them. At Lockings Solicitors we are on the Fleet Mortgages conveyancing panel and are authorised by them to represent them in buy to let purchases.

This means we can act for both you and Fleet Mortgages, avoiding the need for them to instruct separate solicitors at extra expense.

Our buy to let purchase experts have many years of experience in representing landlords and investors. We know how important it is to conclude deals quickly and our property solicitors always work proactively to reach exchange of contracts with minimal delays.

We are accredited by the Law Society’s Conveyancing Quality scheme and have a reputation for excellence. We deal with freehold purchases across England and Wales, as well as local leasehold and newbuild transactions.

We offer a FREE initial chat so that you can ask us any questions you may have about purchasing a buy to let property with a Fleet Mortgages loan. Call us on 01482 300 200, email us at welcome@lockings.co.uk or fill in our Free Online Enquiry and we will call you back promptly. We have offices in Beverley, Hull and York and represent clients across the country.

Why choose Lockings Solicitors for buy to let conveyancing?

Expertise – should complications arise, our property experts have the understanding to find resolutions promptly, avoiding hold-ups and potentially failed transactions.

Approved by Fleet Mortgages – we are on the Fleet Mortgages conveyancing panel of approved solicitors, meaning you will not need to switch conveyancers or pay for your lender to instruct their own legal team.

A quick move – we work proactively to push a transaction forwards, chasing other parties on a regular basis and taking all possible steps to reach the exchange of contract without delay.

Expert advice – we routinely work for landlords and investors with property portfolios and we will ensure that you have the legal advice you need, including drawing your attention to anything that could impact your ability to let a property or that could affect a future sale.

Independent accreditations – the Law Society’s Conveyancing Quality Scheme certifies that we have met their stringent standards in respect of the provision of high-quality legal advice, excellent service and good risk management.

Excellent ratings – we have a strong local reputation for our conveyancing expertise and have 700+ Google reviews from satisfied clients.

Easy to use – we offer a simple onboarding process and have flexible availability, aiming to deal with your purchase in the way that is easiest for you, whether this is by email, phone or in person at one of our offices. We also have a secure online conveyancing portal that you can use to provide us with the initial information we will require.

Responsive – if you call us, we will make sure we are available to speak to you or call you back promptly. We are always happy to take the time to talk through any issues and answer questions as they arise.

Frequent updates – we will ensure that you are regularly updated on the progress of your purchase so that you know what stage has been reached and what information, if any, we need from you.

Excellent value for money – our buy to let conveyancing fees are great value for money. If you would like a buy to let conveyancing quote, call us today and we will let you know both our costs and the amount of any other expenses such as search fees and Stamp Duty, which will generally be at the higher rate for additional properties.

Sustainability and diversity – we are always striving to improve our services, including by working on our sustainability and diversity.

Purchasing a buy to let property with a mortgage

If you are considering buying an investment property and you would like us to represent you, you can contact us now and we will let you have the initial documents to be completed. We can then prepare everything in readiness for when you have an offer accepted, including verifying your identity and opening a file.

This means that we will be in a position to start work as soon as we receive the contract papers. Once you have a property to buy, give our details to the estate agent and they will pass them on to the seller’s solicitor. You should also let your mortgage intermediary have our details to pass on to Fleet Mortgages with your final mortgage application.

When the contract package is received, we will go through the information and order the searches that you will need, including a local authority search and drainage enquiries.

Fleet Mortgages will send us your mortgage offer and once we also have all of the necessary information, we can report to you on the legal issues, in particular anything out of the ordinary or that could affect your ownership or ability to rent the property.

If you are happy to proceed, you can sign the contract and the mortgage deed and let us have your deposit in readiness for the exchange of contracts. This is usually 10% of the purchase price. We will agree on a date for completion, then deal with the exchange. At this point, the contract becomes binding and the completion date is finalised.

We will carry out the final pre-completion checks and order your mortgage advance. We will also let you know in plenty of time how much we will need from you in cleared funds to complete the purchase.

On the day of completion, we will contact you as soon as the seller’s solicitors confirm that they have the money from us. You will then be able to liaise with the estate agent to collect the keys.

Following completion, we will register your purchase and mortgage with HM Land Registry.

If you have any questions about the buy to let purchase process, please feel free to call us.

How much is Stamp Duty on a buy to let property?

If you are buying in England and you already own a property, you will usually need to pay an additional sum on top of the standard Stamp Duty rate. This starts at an additional 5% for the first £125,000 of the purchase price, increasing on a sliding scale, with a tax of 7% for the portion of the price between £125,001 and £250,000, then 10% for the portion of the price between £250,001 and £925,000.

Contact our Fleet Mortgages conveyancing panel solicitors

If you need solicitors on the Fleet Mortgages conveyancing panel for a buy to let property purchase, contact our property team today and we will be happy to help.

You can ring us for a FREE initial chat on 01482 300 200, email us at welcome@lockings.co.uk or fill in our Free Online Enquiry and we will call you back promptly. We have offices in Beverley, Hull and York and represent clients across the East Yorkshire area and beyond.