My partner and I are refinancing our maisonette in Burnham On Crouch with Kent Reliance. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is repossessed. I have two concerns (1) Is this document specific to the Kent Reliance conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this compromise his rights to inherit the property?
First, rest assured that your Kent Reliance conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Kent Reliance. This is solely used to protect Kent Reliance if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Kent Reliance had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Burnham On Crouch. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Burnham On Crouch?
On the day of completion you do not need to attend the conveyancers office in Burnham On Crouch. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you will be invited to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
I recently had an offer accepted on an apartment in Burnham On Crouch. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an advanced payment of £175. Soon after, the property lawyer called me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat in Burnham On Crouch. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Burnham On Crouch solicitor is on the Barclays conveyancing panel.
We are purchasing a house and the lawyer has raised the issue of Chancel Repair to which the property may be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really appropriate for conveyancing in Burnham On Crouch
Unless a previous purchase of the premises completed after 12 October 2013 you may expect solicitors delivering conveyancing in Burnham On Crouch to continue to recommend a chancel search and or chancel repair liability policy.
I am buying a new build apartment in Burnham On Crouch. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Burnham On Crouch
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Is it best to appoint a Burnham On Crouch conveyancing practitioner in close proximity to the house I am hoping to buy? I have an old university friend who can handle the conveyancing but his firm is located 300miles drive away.
The benefit of a high street Burnham On Crouch conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and pester them where appropriate. They will also have local intelligence which is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that must surpass using an unknown Burnham On Crouch conveyancing lawyer just because they are based in the area.
My wife and I accepted an offer on a Burnham On Crouch flat left to us 8 years ago in 2012. I have over 15 years conveyancing know-how and, now retired, see no reason not to conduct the legal work. The purchaser's lawyer has informed me that their bank will not allow us to do our own conveyancing as they require the funds to be sent to a solicitor's bank account.
Mortgage requirements to conveyancing practitioners from all mainstream lenders specify that If the seller is not legally represented the purchaser’s lawyers should check whether the bank needs to be informed so that a decision can be made as to whether or not they are willing to proceed.